Home Correction trading Sensex slightly lower at 57,793, while Nifty is trading almost at 17,000

Sensex slightly lower at 57,793, while Nifty is trading almost at 17,000

0
India’s Major Stock Indices — Sensex and Clever – traded slightly lower in early trading on Monday.



As of 9:48 a.m., Sensex was down 0.1% or 71 points at 57,793 points, while Nifty was down 0.1% or 10 points at 17,277 points.

After a sharp decline following the Russian-Ukrainian war, India’s benchmark Sensex equity index had risen more than 5,000 points in the last eight trading sessions since March 8.

During the said period, Nifty rose by more than 1,400 points.

“Pleasant after the 15% correction from the peak has rallied 10%. This market resilience, even amidst uncertainties and challenges, is important from an investor’s perspective. In the short term, the biggest benefit for the market, it’s REITs that are getting buyers Crude back to $110 is a headwind,” VK said. VijayakumarChief Investment Strategist at Geojit Financial Services.

On IT stocks, Vijayakumar said that AccentureThe better market results and the excellent direction of bode well for stocks in the IT sector.

SEE ALSO:
RP Group Chairman B. Ravi Pillai becomes the first Indian to own an Airbus H 145 helicopter worth ₹100 crore

India continues to witness downward trend in daily COVID-19 cases and deaths