Sensex Has A Weak Start, But Nifty Was Better, Titan-RIL Rises
Sensex has a weak start, but Nifty was better, Titan-RIL rises. Sensex’s opening in the stock market was weak on Tuesday.
With the opening of the stock market, 19 points fell to 52716 points. While NSE Nifty was above the green mark. On Sensex, more than a dozen stocks including Titan, Reliance saw a rise.
Earlier on Monday, Sensex had lost 189 points amid losses in shares of large companies like Reliance Industries, TCS, and HDFC and negative trends in global markets.
BSE’s 30-share Sensex rose to its all-time high of 53,126.73 points during the day’s trading. It later closed at 52,735.59, losing 189.45 points or 0.36 percent.
Similarly, the NSE Nifty closed at 15,814.70, down 45.65 points or 0.29 percent. Nifty also touched its all-time high of 15,915.65 points during the day’s trading.
Among the Sensex companies, Titan’s stock was the most broken by more than one percent. Shares of TCS, HCL Tech, Reliance Industries, UltraTech Cement, and Bharti Airtel also ended in losses.
According to Vinod Nair, Head of Research, Geojit Financial Services, the markets turned negative amid a negative trend in global markets after opening at record highs.
Markets fell due to rising cases of covid-19 across Asia.
In other Asian markets, China’s Shanghai Composite, Hong Kong’s Hang Seng, South Korea’s Kospi, and Japan’s Nikkei declined.
European markets were in losses in afternoon trade. Meanwhile, international benchmark Brent crude fell 0.16 percent to USD 75.26 percent.
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The shares of Uttar Pradesh’s leading agrochemical company India Pesticide will also now be listed in the market.
The IPO that came last week has got a great response. The allotment of its shares can be done on June 30. The listing on NSE and BSE is scheduled to happen on July 5.
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