After Wednesday’s crash, the stock market opened strongly on Thursday. BSE 30-share Sensex opened with a gain of 202 points at Sensex 52143. At the same time, the National Stock Exchange’s Nifty opened at 15,692. JSW Steel, Tata Consumer, Mr Cement, Wipro and Adani ports were among the top gainers in the early trade. ONGC, ICICI Bank, Axis Bank, Britannia and Nestle were first.
Domestic stock markets were unable to maintain their early gains on Wednesday, and both BSE Sensex and NSE Nifty closed down. Stock markets have plunged on profit-booking amid weak global trends. According to traders, the rupee depreciation has weakened investor sentiment. The 30-share Sensex had a good start but was under pressure in the afternoon trading. In the end, it fell 333.93 points, or 0.64 per cent, to 51,941.64.
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The National Stock Exchange’s Nifty also fell by 104.75 points, or 0.67 per cent, to 15,635.35. L&T was the biggest loser in Sensex shares, down 1.8 per cent. Reliance Industries, Bajaj Finserv, IndusInd Bank, State Bank of India, Maruti, Axis Bank and Bajaj Auto were also down. On the other hand, other stocks, including PowerGrid, NTPC, Titan, HCL Tech and Asian Paints, were gaining. They have scored up to 3.42 per cent.