Open market with more than 100 points bounce.
The stock market is under pressure at the moment. The Sensex is ready to enter the bearish zone with a distance of just 400 points. The market sentiment is negative amid rising inflation and the possibility of recession.
The stock market for the last six days (Share Market Updates) continues to decline. Today the market opened with a boom on the first day of the week. This morning the Sensex rose by 109 points at the level of 51470 and the Nifty opened at the level of 15333 with a gain of 40 points. Rupee opened at 77.94 with the strength of 13 paise. Sun Pharma, Asian Paints and Hindustan Unilever shares rose in early trade. Shares of Tata Steel, PowerGrid and ICICI Bank are seeing a decline. At 9.22 in the morning, 18 stocks in the top-30 of the Sensex are trading in the green mark and 12 stocks are trading in the red mark.
There is big news for investors regarding LIC shares. Brokerage JP Morgan has given Buying advice in this stock and has kept the target price at Rs 840. Last week, the stock closed at Rs 660 and it has lost more than 31 per cent against the issue price. There is a slight rise in this stock today.
This news is being written right now…
Source: www.tv9hindi.com
: Language Inputs