The share market got off to a weak start on Thursday. Despite good global cues, the Indian market has started with weakness. The market opened on the red mark. The BSE Sensex (BSE Sensex) fell by 304 points to open at 47,401.
At the same time, NSE Nifty on NSE fell 63 points to open at 14,296. Please tell me that on Wednesday, the market was closed due to Ram Navami. Earlier on Tuesday, the market closed on the red mark. Sensex was down 228 points to close at 47,721 on Tuesday. At the same time, Nifty was down by 132 points to close at 14,227.
Tata Steel shares rose 2% at the time of market opening on Thursday. After this, shares of BPCL and Wipro also gained momentum. The shares of Doctor Reddy and SBI Life were also rising. At the same time, shares of SHREECEM declined. The shares of INDUSINDBK, ULTRACEMCO and Asian Paint are trading at the red mark.
Global signs are looking good for the Indian market. The DOW closed higher than 300 points in the US; there has been a strong trend in Asia. SGX NIFTY has been witnessing a strong bounce of 150 points. After a 2-day fall, the US markets have risen due to recovery in the US markets and bank shares. There is a decline in the dollar index.
The 10-year bond yield is within the scope. The US market is witnessing a sharp rise in small-cap stocks. Brent crude is seen near $ 65 a barrel due to increasing inventories. In yesterday’s trade, the Dow closed at a level of 34137 with a gain of 316 points. At the same time, S&P closed at the level of 4173 with an increase of 38 points. While Nasdaq closed at 13950 levels with a gain of 164 points.