Stock market slide continues for second consecutive day
The domestic stock market started with a huge fall on Thursday, Jnauary 18. The index Sensex of Bombay Stock Exchange i.e. BSE was seen falling 482.11 points and trading at the level of 71,018.65 at 9.36 am. Similarly, National Stock Exchange’s benchmark Nifty was also trading at the level of 21418.25, down 153 points. A huge decline was also seen in Nifty Bank. At the same time, Nifty Bank was trading at the level of 45677.55 with a weakness of 386.9 points.
All the sectoral indices are trading in the red. On the Nifty, Tata Motors, Adani Ports, Axis Bank, Bharti Airtel and Reliance Industries were seen among the major gainers, while LTIMindtree, Power Grid Corp, HDFC Bank, Asian Paints and SBI Life Insurance were among the losers.
Market in red for the second consecutive day
A sharp decline was also recorded in the domestic stock market on Wednesday. Positive signals are also not visible from the Asian market. American markets also closed with a weakness of about half a percent. Even in the pre-opening today, the domestic stock market was seen trading with a huge decline. Around 9.03 am, the Sensex was down 222.09 points at 71235.18, while the Nifty was down 126.95 points and was trading at 21445. Gold prices were little changed after falling 1% on Wednesday to above $2,000 an ounce. Oil prices rose as high as $73 a barrel early Thursday in West Texas Intermediate, after rising 0.2% on Wednesday.
