Share Market Opening 12 Feb BSE Sensex NSE Nifty ahead of inflation IIP data

Share Market Opening 12 Feb: The domestic stock market made a steady start to trading on Monday ahead of mixed global trend and important economic data. At 9:15 am, BSE Sensex and NSE Nifty started trading at the same level. The market showed a slight recovery in a few minutes of trading, but investors remained cautious.

At 9.20 am, BSE Sensex was trading below 71,650 points with a gain of 50 points. Nifty 50 was near 21,780 points with slight losses.

Before the market opened, Nifty futures in Gifty City were trading marginally up by 5 points at 21,929 points. This was indicating that the market could make a cautious start today. In the pre-open session, the Sensex had crossed 71,720 points with a gain of more than 125 points. Nifty strengthened by about 20 points and was at the level of 21,800 points.

There was such a decline last week

Earlier, on Friday, the last day of last week, BSE Sensex had closed at 71,595.49 points with a slight rise of 167.06 points (0.23 percent). At the same time, there was a slight increase of 64.55 points (0.30 percent) in Nifty and it closed at the level of 21,782.50 points. During the entire week, the Sensex had fallen by 490.14 points or 0.67 percent, while the Nifty 50 index had closed down by 71.3 points or 0.32 percent.

Mixed trend in global markets

Talking about global markets, a mixed trend is being seen. In the US market on Friday, Dow Jones Industrial Average was down 0.14 percent, while S&P 500 was up 0.57 percent and Nasdaq was up 1.25 percent. The S&P 500 was successful in crossing the 5000 mark for the first time in history.

Most Asian markets closed

Asian markets are mixed today. Japan's Nikkei was up 0.1 percent in the morning, while Topix was down 0.20 percent. There will be no trading in Hong Kong's Hang Seng and China's Shanghai Composite today on the occasion of Chinese New Year. Today on Monday, stock markets are also closed in Malaysia, Singapore, Taiwan and South Korea.

These economic figures will come today

Today the market is going to wait for important economic data on the domestic front. Retail inflation and industrial production figures are going to be released in the evening. Investors are also being cautious while waiting for these important economic data. Last week, after the MPC meeting, the Reserve Bank had said that the situation on the inflation front still remains uncertain. For this reason, the Reserve Bank had decided to keep the repo rate stable for the sixth consecutive time.

Most big stocks in loss

Most of the big stocks were in loss in early trade. Shares of Wipro and HCL Tech were up by more than one and a half percent each. Tech Mahindra and Infosys were also in the lead. TCS was also in the green zone. On the other hand, Power Grid Corporation was down more than 1 percent. Big stocks like SBI, Reliance Industries, NTPC, Bajaj Finance were in loss.

Also read: Chinese companies are scared of setting up plants in India, Xiaomi said – this is why they are feeling scared!

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