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The domestic market has started the first trading day of the week with a decline. The Bombay Stock Exchange (BSE) Sensex was trading at 79,099.36 at 9:51 am with a decline of 123.75 points, while the National Stock Exchange (NSE) Nifty was also trading at 23,943.05, down 61.70 points. All other sectoral indices except IT showed a downward trend. Shares of Kotak Mahindra Bank, Tata Steel, Cipla, IndusInd Bank, Asian Paints showed weakness on the Nifty, while shares of Bajaj Finance, Bajaj Auto, Infosys, Titan Company and M&M saw a rise.
Started in the green mark but then the market broke
Although the BSE Sensex started trading on Monday morning with a gain of more than 50 points at 79,281.65, it then slipped. On Friday, the Sensex closed at 79,223. The National Stock Exchange's Nifty 50 also opened with a gain.
How is the trend in Asian market
Asian stock markets were mixed, with markets in Tokyo and China lower after Wall Street broke out from a holiday season slump. Tokyo's benchmark Nikkei 225 index fell 1.5% to 39,309.13, while the Hang Seng in Hong Kong dropped 0.3% to 19,706.66. The Shanghai Composite Index fell 0.2% to 3,206.75. Markets shrugged off a report that China's services economy grew at the fastest pace in seven months in December, while export trade fell, according to a private sector survey.
The index rose to 52.2 in December, surpassing the 50 level that separates expansion and contraction.Elsewhere in Asia, the mood was lighter. Australia’s S&P/ASX 200 rose 0.1% to 8,254.60 and Taiwan’s Taiex jumped 2.8%. In South Korea, the Kospi jumped 1.7% to 2,484.27, led by a 7.1% surge in computer chip maker SK Hynix Inc. and a 2.6% jump in shares of Samsung Electronics, the country’s biggest company.
