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The domestic stock market had a poor opening in the first session of the week on Monday. The market again disappointed investors with the opening in the red. The Bombay Stock Exchange index Sensex (BSE Sensex) opened at 65,375.06 with a weakness of 22.56 points at the time of market opening i.e. at 9.15 am. Similarly, Nifty of National Stock Exchange (NSE) was also seen trading at the level of 19521.90 with a decline of 20.75 points.
Stocks at opening time
According to Money Control news, ICICI Bank, Bajaj Finance, Nestle India, Bajaj Finserv and Adani Enterprises were the major gainers on Nifty at the time of market opening. While Kotak Mahindra Bank, Grasim Industries, UltraTech Cement, TCS and Cipla were seen trading at losses.
The market was in green in pre-openingWhile the domestic stock market started with a green mark in its pre-opening on Monday morning. Bombay Stock Exchange’s Sensex was seen trading at 65526.91 with a jump of 129.29 points in pre-opening i.e. at 9 am. Similarly, Nifty of National Stock Exchange was also trading at the level of 19701.80 with a strong rise of 159.15 points at the time of pre-opening.
Investors suffered big losses last weekA big fall was recorded in the stock market last week. The 30-share BSE Sensex closed down 885.12 points or 1.33 percent. Due to this, all 10 out of the top 10 companies included in the Sensex caused huge losses to the investors. The market capitalization of the top 10 Sensex companies overall declined by Rs 1,52,979.78 crore last week. Global markets remain weak due to rising returns on US bonds, global economic uncertainty and ongoing tensions in the Middle East. Experts say that small investors need to trade very carefully.
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