Markets open weak, negative
Chandrakant / 05 Mar 2012
The Indian markets opened on a weak negative note ahead of the UP election results that are scheduled to be announced on Tuesday, Mar 6. The Sensex and Nifty were both down by 1% and 1.17% respectively.
The Indian markets opened on a weak negative note ahead of the UP election results that are scheduled to be announced on Tuesday, Mar 6. The Sensex and Nifty were both down by 1% and 1.17% respectively.
Other Asian markets too opened on a negative note. The Nikkei, Hang Seng and Shanghai are trading down by 0.57%, 1.14% and 0.05% respectively. Profit booking and the upcoming global events kept investors away from the market.
| Benchmark Indices | ||
|---|---|---|
| Index | Rate | % Change |
| Hang Seng | 21,319.30 | -1.14 |
| Nikkei | 9,719.26 | -0.59 |
| Shanghai | 2,459.35 | -0.05 |
| SENSEX | 17406.71 | -1.00 |
| NIFTY | 5333.70 | -1.17 |
All the sectoral indices are trading in the negative territory. Bankex, Metals and CG remain among the top losers, down by 1.56%, 1.54% and 1.28% respectively. The other indices are down between 0.01%-0.90%.
Barring Bharti Airtel, Cipla and Maruti Suzuki, all the Sensex shares are trading in the red zone. Hindalco, DLF and Jindal Steel remain the top losers, down by 3.86%, 2.73% and 2.70% respectively, and the rest of the stocks are down between 0.83%-2.43%.
The market breadth, which indicates the overall health of the market, is negative. On the BSE, 1048 shares fell and 730 shares rose. 70 shares remained unchanged.
We expect the markets to remain volatile for the day, ahead of the elections. The European markets will also provide some vital cues on the desired direction of the market trend in the late afternoon session.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.