Recovery trend in the stock market after initial weakness

After initial weakness, the domestic stock market seems to be recovering. Today’s trading started with a decline, but after the first half hour of trading, buyers made a buying push in the market, due to which the stock market recovered to a great extent. After the first one hour of trading, Sensex and Nifty were trading with a weakness of 0.02 percent.

After the initial one hour of trading, among the big stocks of the stock market, shares of Shriram Finance, ONGC, Tech Mahindra, Hindalco Industries and UltraTech Cement were trading with a gain of 2.46 percent to 1.68 percent. On the other hand, shares of Nestle, HDFC Life, IndusInd Bank, Bajaj Auto and Britannia were seen trading with a weakness of 2.65 percent to 1.03 percent.

In the current trading, there was active trading in 2,150 shares in the stock market. Of these, 1,534 shares were trading in the green after earning profits, while 616 shares were trading in the red after incurring losses. Similarly, out of 30 shares included in Sensex, 13 shares remained in the green with the support of buying. On the other hand, 17 shares were trading in the red due to selling pressure. Whereas out of the stocks included in Nifty, 21 stocks were seen trading in the green mark and 29 stocks were seen trading in the red mark.

BSE Sensex fell 146.68 points today and opened at 73,757.23 points. After facing minor fluctuations in the first half hour of trading, buying started in the market, due to which the index started recovering. After the first hour of trading amidst continuous buying and selling in the market, at 10:15 am the Sensex was trading at the level of 73,888.67 points with a fall of 15.24 points.

Like Sensex, NSE’s Nifty started trading today at 22,385.70 points with a weakness of 67.60 points. There were slight fluctuations in the speed of this index for some time after the market opened. But this index also got the support of buying that started in the market a little before 10 am, due to which the movement of this index also seemed to be increasing. After the first one hour of trading between continuous buying and selling in the market, at 10:15 am Nifty was trading at the level of 22,449.35 points with a fall of 3.95 points.

Before this, on the last trading day on Tuesday, the Sensex had closed at the level of 73,903.91 points with a fall of 110.64 points or 0.15 percent. At the same time, Nifty slipped 8.70 points or 0.04 percent and ended Tuesday’s trading at the level of 22,453.30 points.