Stock market today: Shares plunge after hitting record highs, Sensex falls 100 points

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New Delhi:

Amid a positive trend in global markets, the Indian stock market had a flat start today i.e. 11th June. On Tuesday, the week’s second trading major benchmark indices, Sensex and Nifty, opened with marginal gains. However, as soon as the market opened, both indices hit the red mark due to selling pressure. The Sensex was down 113.63 points at 76,376.45 and the Nifty was down 29.6 points at 23,229.60 in early trade.

Highest growth in realty, metal, media, energy, pharma and IT

On a sectoral basis, apart from the banking and financial services index, all stocks are trading in the green, with realty, metal, media, energy, pharma and IT rising the fastest. Bank Nifty is trading down 192 points or 0.39 percent at 49,588 points.

Investors are keeping an eye on US inflation data

A record surge was seen in the stock market on Monday. But investors’ eyes are now on US inflation data, which is due to be released in the coming days. These figures may influence the US Federal Reserve’s decision to set interest rates, which may also have an impact on Indian markets. In such a situation, investors are already taking a tight stance and waiting for the results.

Sensex and Nifty hit record highs yesterday

Yesterday i.e. Monday, benchmark indices Sensex and Nifty closed after hitting record highs in early trade. BSE’s 30-share Sensex crossed the 77,000 mark during trading. In early trading for the day, the Sensex rose 385.68 points or 0.50 percent to hit a fresh record of 77,079.04 points. However, the Sensex closed down 203.28 points or 0.27 per cent at 76,490.08 at the close of trade.

Similarly, the Nifty of the National Stock Exchange closed down 30.95 points, or 0.13 percent, at 23,259.20 points, after gaining 121.75 points, or 0.52 percent, to touch an all-time high of 23,411.90 points during the day’s trade yesterday.

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