The domestic stock market on Friday started with a major decline in the last trading session of the week amidst American tariffs and global signals. The BSE Sensex fell 288.27 points at 9.16 am trading at a level of 82,902.01. Similarly, NSE’s Nifty was also at a level of 25,281.35 points to 73.90 points. Investors are watching stocks such as TCS, Tata Alexi, Anand Rathi Wealth, Indian Renewable Energy Development Agency (IREDA), Hindustan Unilever, Glenmark Pharma, Aegis Logistics and Meta Infotech on July 11.
Which stocks fell and climbed the most
Initial trading sessions in Nifty’s shares of TCS, Tech Mahindra, HCL Tech, Hindalco, Trent the most, while HUL, Kotak Mahindra Bank, SBI Life Insurance, SBI and ICICI Bank shares rose the most. BSE midcap and smallcap index are almost stable trading. In sectors, IT, media index declined by 1-1 percent and auto index by 0.5 per cent.
What is the condition of big stocks
Jenmark shares increased by 10% in the early stages of trading. The Nifty Bank Index is up to less than 57,000 levels with a gain of less than 0.1%. After the results, TCS and Tata Alexi shares declined drastically. At the same time, Nifty IT is also trading under pressure, where major shares like Infosys, HCL Tech, Wipro and Coforge are trading in red mark. VK Vijaykumar, the main investment strategist at Geojit Investments Limited, said the TCS’s first quarter results indicate the ongoing conflict for IT companies, especially largecap IT companies. However, midcap IT companies are likely to perform well.
Today’s trend in global market
According to PTI news, in the Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite Index and Hong Kong’s Hong Seng were trading. The US markets closed in a positive scope on Thursday. Global oil benchmark Brent crude rose 0.35 percent to $ 68.88 per barrel.
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