Stock Market Opening Bell Today: Sensex slips below 38K; NSE Nifty near 11,150; Adani Green Energy, Brigade Enterprises shares crash
Stock Market Opening Bell Today: On account of weak global cues, the Indian indices continued to bleed and opened in the red zone in the opening bell today.
Stock Market Opening Bell Today: On account of weak global cues, the Indian indices continued to bleed and opened in the red zone in the opening bell today. The BSE Sensex crashed 254 points and hit 37,779 mark while the NSE Nifty nosedived 84 points and hit 11,165 mark. Bank Nifty index tanked 167 points and touched 21,199 levels.
Speaking on the current market scenario; SEBI registered technical stock analyst Simi Bhaumik said, "Market looks weak as the NSE Nifty had two major support at 11,200 and 11,000, Since, 11,200 support has been broken, now the major support for the NSE Nifty is 11,000. At Bank Nifty, it ah broken its strong support at 21,300 and now its strong support zone is 20,900 to 21,000."
See Zee Business Live TV streaming below:
Shares of Indiabulls Housing Finance, HCL Technologies, Tech Mahindra, Tata Consultancy and ICICI Bank were among the leading gainers in the opening bell today while shares of Heritage Foods, Jamna Auto Industries, Amber Enterprises, Birlasoft, Dixon Technologies, Delta Corp and NBCC were among the major losers in the opening bell.
Realty stocks received maximum beating as the BSE Realty index lost to the tune of 4.32 per cent in the opening bell today. Realty major Brigade Enterprises share price crashed 5.96 per cent, Sobha shares went southward 5.38 per cent, Sunteck Realty share nosedived 4.78 per cent, Phoenix Mills stock price tanked 7.10 per cent, Indiabulls Real Estate stocks went down 4.78 per cent while Oberoi Realty counter lost 3.86 per cent in the opening bell.
Among the major Asian indices, the Japanese Nikkei 225 index added 0.18 per cent, South Korean Kospi crashed 1.88 per cent, Hong Kong's Hang Seng dipped 0.46 per cent while Shanghai index lost 0.09 per cent.
On Wall Street, the Dow Jones Industrial Average fell 1.84 per cent , the S&P 500 lost 1.16 per cent, and the Nasdaq Composite dropped 0.13 per cent.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.