Share Market Opening On 18 September Sheds In Early Trade After 11 Days Of Record Rally

Share Market Opening on 18 September: This week has not started well for the domestic stock market. The market started trading with a decline on the first day of the week affected by holidays. In this way, the market’s upward trend that had been going on for 11 consecutive days was put to a halt.

The market took a dive as soon as it opened. As soon as the session started at 09.15 am, the 30-share Sensex of BSE went into loss by about 155 points. Within a few minutes, the Sensex fell by more than 255 points and it fell below 67,600 points. Similarly, Nifty fell by about 60 points and came near 20,130 points in early trade.

Loss from pre-open session

Earlier, the domestic markets were in loss in the pre-open session itself. BSE Sensex was in loss of about 175 points in the pre-open session and was below 67,700 points. Similarly, Nifty also fell by more than 35 points in pre-open. Gift Nifty trends were indicating a similar beginning. Nifty futures on Gift Nifty were in loss.

Made this record last week

Record high level of natural pressure is visible on the market. On Friday, the last day of last week, the Sensex strengthened by more than 400 points and closed at 67,838.63 points, which is the new closing high. During trading, the Sensex had reached a new all-time high level of 67,927.23 points. Nifty strengthened by 90 points and closed near 20,200 points with a new record. On Friday, the market remained strong for the 11th consecutive day. Talking about last week, Sensex had strengthened by 1,239.72 points and Nifty by 1.87 percent during the entire week. The domestic market was recording a rising trend for three consecutive weeks.

Big shares in early trade

Many big stocks were under pressure in early trading. Especially the IT stock markets had fallen as soon as they opened. Infosys shares were the biggest loser on Sensex. Apart from Infosys, shares like Bharti Airtel, HCL Tech and Tech Mahindra were also at a loss of more than 1 percent each in early trade. Shares of the two largest companies of the market, Reliance Industries and TCS, also fell by 0.60 percent. On the other hand, shares like Mahindra & Mahindra, Tata Steel and Power Grid were trying to control the market.

Apart from selling at high levels in today’s business, global factors are influencing the market. Investors around the world are keeping an eye on what decision the Federal Reserve takes on interest rates in America.

Also read: 9 out of every 10 people are facing losses, yet retail investors made this record in August