Stock Market: Investors broke down for profit booking as soon as the market opened, Sensex-Nifty reached from green to red mark


new Delhi. Trading started in the Indian stock market on Friday in a very dramatic manner and as soon as the market opened, investors broke down to book profits.

The Sensex started trading openly at 57,802 with a strong gain of 206 points in the morning, while the Nifty started trading at 17,289 with a gain of 66 points. Within a short time, the investors came on sell-off and booked huge profits. Due to this the market moved from green to red mark and at 9.40 am Sensex was trading 145 points down at 57,451, while Nifty went down by 39 points to 17,184.

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Strong start in pre-opening session
The stock market had started with a strong and sharp increase in the pre-opening session today. Sensex opened with a gain of 243 points while Nifty had gained 64 points. Its effect was visible on the sentiments of investors even after the market opened, but after a while profit-booking dominated.

Betting on these shares
In the market today, investors are keeping distance from the shares of the power sector, while the stamp of buying is visible on the finance and banking sector. Muthoot Finance shares are seeing a gain of more than 1 percent since the beginning. Shares like Bharti Airtel, Kotak Bank, Tata Steel are showing gains while stocks like NTPC, PowerGrid, ITC are trading on losses.

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Most Asian markets rally
Most of the stock markets of Asia have opened with gains on Friday morning. Singapore’s stock exchange is seeing a 0.37 percent jump, while Japan’s Nikkei exchange is up 0.39 percent. However, Hong Kong’s stock market is trading with a loss of 0.41 percent and Taiwan 0.11 percent. Apart from this, 0.11 percent on the stock exchange of South Korea and 0.06 percent on the Shanghai Composite of China is seen.

Tags: BSE Sensex, Nifty50, Share market


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