New Delhi [India], August 9 (ANI): The stock market witnessed an uncertain start as trading commenced on Wednesday.
Both the Sensex and Nifty indices displayed early fluctuations, with the Sensex dropping 183.77 points to reach 65,649.73, while the Nifty experienced a decline of 38.95 points, landing at 19,531.65.
At 10:22 am, Sensex was trading 392.22 points lower at 65,454.28, whereas Nifty was trading 94.80 points down at 19,476.05.
This initial volatility set the tone for the trading session ahead, characterized by mixed trends in share values.
As the trading session unfolded, 26 shares recorded gains, 23 shares saw declines, and 2 shares remained unchanged, presenting an intricate interplay of market dynamics.
Notable gainers included Dr Reddy, Adani Ports, SBI Life, Coal India, and Adani Enterprises, contributing to the market’s upward trajectory.
Conversely, Maruti, Hindustan Unilever, Reliance, Indusind Bank, and Hero Motocorp emerged as the top losers at the time of this report.
These fluctuations underscore the delicate equilibrium between market forces and investor sentiment, culminating in a mix of positive and negative trends.
Varun Aggarwal, the Managing Director of Profit Idea, weighed in on the market outlook. He stated, “Nifty and Sensex opened in minus but broader market is looking good for more rally. Expect markets to remain positive and again hit new highs.”
Aggarwal said “Bullish bias can be seen in majority of the stocks and charts are indicating further upside.”
The intricate dance between gains and losses witnessed in the stock market on Wednesday serves as a reminder of the ever-evolving landscape of financial markets.
The stock market experienced a day of swinging trends on Tuesday, with market indices closing in the red, representing a mixed bag of gains and losses for investors. (ANI)
