Indian Share Market Opens Flat in the Green
The BSE Sensex and NSE Nifty 50 opened with modest gains today, snapping a four-day streak of losses, with State Bank of India among the top performers.
- The domestic share market opened with modest gains today, ending a four-day consecutive streak of opening in the red.
- The BSE Sensex opened up 27.57 points (0.03%) at 79,885.36, while the NSE Nifty 50 gained 8.20 points (0.03%) to open at 24,371.50.
- Last week, the market had opened with a continuous decline for the final four days of trading.
GG News Bureau
Mumbai, 11th Aug: The domestic share market opened on a flat but positive note today, bringing an end to a four-day consecutive streak of opening with a decline. The benchmark BSE Sensex started the day with a modest gain of 27.57 points (0.03%), opening at 79,885.36. Similarly, the NSE Nifty 50 index also saw a marginal increase of 8.20 points (0.03%), starting its trading at 24,371.50.
The positive start provides a welcome change for investors, as the market had consistently opened in the red during the last four trading days of the previous week. On Friday, the Sensex had opened with a loss of 145.25 points, and the Nifty with a decline of 51.90 points.
At the opening bell, the broader market showed a mixed performance. Out of the 30 companies on the Sensex, 18 started trading in the green, while 11 were in the red, with Tata Steel shares opening flat. In the Nifty 50, 34 companies began with gains, while 16 saw losses.
Among the Sensex companies, State Bank of India (SBI) was the top performer, opening with a strong 1.05% gain. Other gainers included NTPC, Trent, and Bajaj Finance. On the other hand, ICICI Bank was the biggest decliner with a 0.90% loss, followed by Asian Paints, Adani Ports, and HCL Tech.
