Mumbai. The Indian Stock Market opened on the red mark on Wednesday’s trading day. BSE Sensex is trading at 81,611.07 after slipping 209.05 points or 0.26 per cent in early trade. At the same time, NSE’s Nifty is starting trading at 24,999.45 after slipping 57.90 points or 0.23 percent. The market trend remains positive. On the National Stock Exchange (NSE), 687 shares are trading in the green, while 555 shares are trading in the red. At the same time, on Bombay Stock Exchange (BSE), 61 shares are trading in green and 52 shares are trading in red. Nifty Bank is at 51,878.45 after falling 27.55 points or 0.05 per cent. The Nifty Midcap index is trading at 59,635.05 level after rising 41.80 points or 0.07 per cent. At the same time, Nifty 100 index is at 26,120.20 after slipping 28.90 points or 0.11 percent. Asian Paints, HDFC Bank, Bajaj Finserv and Power Grid were the top gainers in the Sensex pack. Whereas Nestle, &M, UltraTech Cement, Infosys were the top losers. SBI Life Insurance, HDFC Life, BPCL and Asian Paints were the top gainers in the Nifty pack. Whereas, Trent, M&M, TCS and Kotak Mahindra were the top losers.
Talking about Asian markets, the markets of Tokyo, Bangkok and Seoul were trading in the red. The markets of Shanghai, Hong Kong, Jakarta were trading in the green. At the same time, the American stock markets closed in the red on the previous trading day. According to market experts, “The main force behind the ongoing rise in stocks globally is the continuous rise in the American market. The fact that the S&P 500 has made 46 new highs this year shows the strength of this US-led bull market. This rally is fundamentally supported by the strong US economy and good growth in corporate earnings. Even though Middle East geopolitics may have taken a negative turn, it has not led to a surge in crude oil prices and hence, there is no threat to inflation which is under control and allows the Fed to cut rates.