Tension in the stock market, the market opened with a fall, but the buyers dominated at the lower levels, will there be a boom now?

Even today the market opened with a fall.

The stock market is closing with a fall for the last two trading sessions. In these two trading sessions, about 7.7 lakh crore rupees of investors have been sunk. Market experts are advising to avoid trading at this time.

Share Market ,Share Market Updates) has deteriorated and sellers dominate the market. The market opened with a fall on the second day of the week as well. This morning the Sensex opened with a fall of 161 points (down 0.30 per cent) at 54309 and the Nifty opened at 16248 points with a fall of 53 points (minus 0.33 per cent). The Sensex had recorded a fall of 364 points on the first day of the week. Before that, a huge decline of 867 points was recorded in the market on Friday. In these two trading sessions, investors’ capital of Rs 7.73 lakh crore was sunk. In this 24 shares are trading with a bullish momentum in the green mark. Asian Paints, UltraTech Cement, Maruti and State Bank are the top gainers. Infosys, Wipro and Titan shares are seeing a decline.

Regarding the market sentiment, Shrikant Chauhan, Head of Equity Research, Kotak Securities said that the market is still showing bearish trend for the short term. There has been a lot of selling in the market, so the possibility of buyers dominating cannot be ruled out. Buyers can dominate at this level at any time. On a technical basis, if Nifty remains above 16200 and Sensex above 54150, then Nifty can return to the level of 16450-16550 if buyers dominate. Similarly, the Sensex can return to the level of 55000-55300. However, the market sentiment is bearish. If the market declines further then 16100 for Nifty and 53900 for Sensex is an important support.

Slight improvement in rupee

Today the rupee is showing improvement amidst a slight rise in the market. This morning the rupee opened with a strength of 18 paise at 77.29 against the dollar. On Monday, it closed at a record low of 77.47.

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