Share Market Opening: Bullish pause; Sensex down 150 points, Nifty off to weak start

Mumbai: Pre-opening signals in the Indian stock market today will start with a bear market, it was predicted and it happened. Bombay Stock Exchange’s (BSE) sensitive index Sensex opened with a fall of around 150 points while National Stock Exchange Nifty (NSE0) started trading below 18100 points. Meanwhile, today’s trading session saw mixed business in Asian markets and investors will be watching the movement of Bank Nifty today.

Beginning of stock market
BSE’s 30-share index Sensex opened down 144.02 points or 0.24 per cent at 60,834.73 at the stock market open today. Meanwhile, NSE’s 50-share index Nifty opened down 24.95 points, or 0.14 per cent, at 18,093.35.

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Status of Sensex and Nifty
Out of 30 Sensex stocks, only 6 stocks are bullish and 24 stocks are trading domestically. Also, out of 50 Nifty stocks, 9 stocks advanced and 41 stocks traded with declines. Apart from this, Bank Nifty is seen trading down 202 points or 0.47 percent at 42,530 level.

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Pre-opening of the market
Sensex and Nifty traded in the red today in the pre-opening of the stock market. The BSE Sensex was up 255.98 points, or 0.42 per cent, at 60,722.77 before the market opened. Meanwhile, the Nifty settled at 18099.35, down 18.95 points, or 0.10 percent.

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Global market signals
Weak signals are also coming from international markets. Asia got off to a mixed start with SGX Nifty and DOW futures trading under pressure. Apart from this, there was a mixed trade in the American market on Tuesday. The Dow Jones closed up a quarter of a percent, while the Nasdaq Composite fell.