Nifty50 opened below 25,400 on Monday morning, with the benchmark indices trading flat amid weak global cues and FII pressure. The Sensex was down over 450 points at one point, but managed to recover some of its losses later in the day.
The NSE’s Nifty 50 index is seen as a barometer of the country’s stock market performance. It had opened lower amid weak global cues and FII pressure. However, the NSE’s gauge eventually found support near the 25,500 level and closed with marginal losses.
The BSE Sensex was also down in early trade, however, it managed to recover some of its losses later in the day. The benchmark index had opened at 50,760 and traded as low as 49,310 before recovering to close at 49,941.
The stock market remained volatile throughout the day, with most sectors trading flat. The NSE’s FMCG sector was up 1% while the pharma sector rose 0.9%. On the other hand, the auto and realty sectors were among the top losers.
The BSE Realty Index led the decline in the market, falling 2.3% to 1,857.64. The BSE Auto Index was down 1.8% at 15,849.44, while the BSE FMCG Index rose 0.9% to 10,157.53.
The Sensex Today | Stock Market LIVE Updates: Nifty trades around 25,500 as markets remain volatile
Stock market today: Nifty50 opens below 25,400; BSE Sensex down over 450 points
Nifty50 opened lower amid weak global cues and FII pressure.
Sensex Today | Stock Market LIVE Updates: Nifty trades around 25,500 as markets remain volatile
Stock Market LIVE: Nifty, Sensex recoup losses; Financials, Metal lead comeback; SMIDs in green
Nifty50 traded around 25,500 and closed with marginal losses.
Business Standard also contributed to this story.
