On Wednesday, February 12, the local stock market opened with a decline once again amid mixed trend in global markets. Despite the increase in gift Nifty futures, the major benchmark index opened in Sensex and Nifty 50 red mark. Talking about the status of the stock market at 9.30 am, the Sensex opened at a decline of 10 points. While the Nifty opened with a decline of 1.5 points.
Big fall on Tuesday
Significantly, on Tuesday, the stock market closed down with a major decline. The BSE Sensex fell 1018 (1.32 percent) to close at 76,296.60. While the Nifty fell 310 points to close at 23,072. This selling reduced the market capitalization of companies listed in BSE by Rs 9.3 lakh crore. It has fallen by about Rs 70 lakh crore from its highest level. On Tuesday, foreign institutional investors (FIIs) in India sold shares worth Rs 4,486 crore, while domestic institutional investors (DIIs) bought shares worth Rs 4,001.89 crore.
What are the signs coming from global markets?
Among the Asian markets, Japan’s Nikkei rose 0.21 percent, Hong Kong’s Hangseng rose 0.8 percent, while South Korea’s Kospi and Australia’s ASX 200 increased marginally. Meanwhile, the US declined by 0.03 percent in S&P 500, Nasdaq Composite declined by 0.36 percent and Dow Jones Industrial Average increased by 0.28 percent.
Today’s trigger point
In today’s session, the Indian stock markets will be eyeing the third quarter results, inflation figures, the move of US President Donald Trump on tariffs and other global developments.
Today the results of the third quarter of these companies
Ashok Leyland, Bajaj Consumer Care, Cropton Greaves Consumer Electricals, ECOS Mobility, Globus Spirits, Hindustan Aeronautics, Jubilent Foodworks, Muthoot Finance and Siemens will announce their third quarter results today.
