Stock Market: Power stocks up as market falls, ITC's share crashed

Stock Market: On Wednesday, the movement of both the indexes in the stock market changed with the opening. After a bad fall on Tuesday, the Sensex-Nifty opened in the red zone on Wednesday and within a few minutes both were seen trading in the green zone. But this rise lasted only for a few minutes and suddenly there was a fall again. Bombay Stock Exchange's 30-share Sensex plunged by 200 points after opening and after some time was seen trading with a gain of 50 points.

On the other hand, National Stock Exchange's Nifty also appeared to be moving in step with Sensex.

Sensex-Nifty confused as soon as they opened

The third trading day of the week on Wednesday, the stock market started sluggishly. The BSE Sensex opened at 81,457.61, slipping from its previous close of 81,551.63, and within a short time, it fell sharply to 81,351.31. But within a few minutes of trading, it started appearing in recovery mode and jumped to the level of 81,613.36.

At the time of writing the news, it was again trading at 81,326 with a fall of 225 points. Like the Sensex, the NSE Nifty also surprised and after opening at 24,832.50, it first slipped to 24,765, then climbed to 24,864 and by the time the news was written, it had again come into the red zone.

There was a big fall on Tuesday

On Tuesday, the stock market witnessed huge fluctuations throughout the day. The market crashed in the morning trade, but by afternoon, Sensex and Nifty were seen in recovery mode. However, the initial decline dominated the market till the end.

During intraday, Sensex witnessed a sharp fall of more than 1000 points. At the same time, Nifty had fallen by more than 280 points, but when the market closed, Sensex fell 624 points to 81,551 and Nifty50 fell 174 points to 24826.

10-10 stocks that fell and rose today

Talking about the stocks that rose and slipped the most in early trade after the confusion in the stock market on Wednesday, ITC Share (3.30%), Nestle India Share (1.20%) and Titan Share (1%) were trading with a slip. So in the midcap category, Aurobindo Pharma Share (3%), NMDC Share (2.20%), Escorts Share (2%), Phonix Ltd Share (1.40%) were trading with a decline, whereas in the smallcap category, OAL Share (7.21%), DCX India Share (6.30%) and Redtape Share (6%) were trading with a slip.

Summary

Talking about the shares which made a strong start in the fluctuating market, Glaxo Share (3%), Bharti Hexa Share (2.50%), Star Health Share (2%), Nykaa Share (1.80%), JSW Infra Share (1.70%), Suzlon Share (1.40%) were trading with a rise. Whereas in the smallcap category, RELTD Share (19.98%), PreCam Share (12%), ITI Share (8%) and Fusion Share (6.80%) were trading with a rise.

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