New Delhi. A lot of ups and downs are being seen in the stock market in the initial trading amid the counting of votes for Haryana and Jammu and Kashmir assembly elections. Initial trends in Haryana show a close contest between BJP and Congress. Similarly, in the stock market too, there is a tough competition between bulls and bears.
It started with a modest rise but fell within minutes. The stock market has declined due to continuously increasing tensions in the Middle East, heavy selling by foreign investors and concerns arising from the election results. FPIs have sold heavily in the last six days. Experts say that FPIs are investing in China by selling equity in India.
After a sluggish start, the Sensex reached 81,352.40 with a gain of 304.83 (0.37%) points at 9.51 am. On the other hand, Nifty was seen trading at 24,887.00 with a gain of 91.25 (0.37%) points. Meanwhile, the stock market saw a series of falling and rising several times. After the negative trend in Asian markets, selling pressure continued in the Indian stock markets on Tuesday. For this reason, the market showed fluctuations in early trading.
Earlier, Nifty and Sensex made a mixed start. In this, Nifty 50 index opened at 24,832.20 points with a slight gain of 36 points or 0.15 percent. At the same time, the Sensex index opened at 80,826.56 points with a decline of 223.44 points or 0.28 percent. Among sectoral indices, Nifty Private Bank led the gains by rising 0.55 per cent in the early session and Nifty Bank also gained 0.5 per cent, while Nifty FMCG, Nifty Media and Nifty Metal came under selling pressure.