There was a lot of activity on Dalal Street since Wednesday morning, but worry was clearly visible on the faces of investors. The Indian stock market continues to fall amid fluctuations in global markets and domestic economic signals. In the middle of the week, both Sensex and Nifty were seen slipping below important levels, which has created a situation of confusion among investors.
This morning, Sensex opened with a fall of 150.32 points at 83,477.37, while Nifty was seen trading at 25,969.45 with a weakness of 36.85 points. There was a tough competition in the market between rising and falling stocks. According to the data, around 1100 shares were in the green, while 1044 shares were trading in the red and no change was seen in 145 shares.
Top Gainers and Losers
Top gainers included ONGC, Coal India, Infosys, Hindalco and NTPC, which helped prevent the market from falling further. At the same time, Kotak Mahindra Bank, Dr. Reddy’s Labs, Asian Paints, Max Healthcare and Tech Mahindra were prominent among the losers, in which selling pressure was visible.
Keep an eye on the results season
Investors’ eyes are now on Q3 results. Tomorrow i.e. on January 15, big companies like Jio Financial Services, HDFC Life, L&T Technology Services and Angel One will declare their quarterly results. Apart from this, the market will also keep a close eye on the results of Alok Industries, Delta Corp and South Indian Bank.
Expert opinion
Experts say that the market may continue to fluctuate at this time due to all-round pressure and global signals. Investors are being advised to take their investment decisions thoughtfully and with a long-term perspective.
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