Share market continues to be in red amidst weak global cues
On Monday, the first trading day of the week, the sluggishness of the last week continued on the stock market. After fluctuating in red and green zones, both the indices of the market closed with a fall. While the 30-share index Sensex of Bombay Stock Exchange (BSE) slipped 149 points to close at 57,683, while Nifty of National Stock Exchange (NSE) also closed down 70 points at 17,206 level.
Negative start for stock market
Earlier, the Sensex had shed 228 points and opened at the level of 57,604. On the other hand, the Nifty index started trading at the level of 17,198, taking a fall of 77 points. The Sensex had slipped more than 500 points during the hour-long trading after the market opened. Whereas Nifty had lost 165 points. Shares of TCS, Reliance and Adani Power fell on Monday. TCS shares lost over two per cent.
There was a slight decline on Friday
Last trading session on Friday, the stock market finally closed on the red mark after day’s volatile trading. Sensex closed 59 points lower at 57,833, while Nifty slipped 28 points to close at 17,276 level. Significantly, in the week ended February 18 also, the Indian equity market remained on the red mark with a fall. This is the second consecutive week that the market is in a downward spiral. In this week, the BSE Smallcap index lost more than 3 per cent, while the Midcap index lost 2 per cent. Talking about the large cap index, it has registered a decline of 0.7 percent.
