The Indian share market has shown a slight decline during early trading today, May 9th. According to reports, the Sensex slipped by 120 points during the initial trading session, while the Nifty also started its day with a 20-point drop.
Sensex Performance
During the early trading session, 13 out of the 30 stocks in the Sensex were in the red, while 17 registered gains.
The Sensex dipped by 120 points, commencing its day’s trading at 73,346 levels. Similarly, the Nifty also began its trading day by sliding 20 points to start at 22,283 levels.
Top Losers in the Market
Today, during the early trading session, shares of Bajaj Auto, HCL Tech, Hero MotoCorp, Mahindra & Mahindra, IndusInd Bank, SBI, and Kotak Bank were seen in the red. As for the sectors witnessing weakness today, they included Nifty Pharma, Nifty IT, and Nifty FMCG indices. Furthermore, all sectoral indices of Nifty were trading in the negative zone during the early market hours. Notable losers in today’s market include Larsen, Tata Consumer, Tech Mahindra, BPCL, Asian Paints, Ashok Leyland, and HDFC Life.
Outlook for Tomorrow’s Market
It’s worth mentioning that before today, on May 8th, the Indian share market witnessed a decline. Reports indicated that the Sensex had dropped by 45 points, closing at 73,466 levels, while the Nifty closed at 22,306 levels.
While the market started on a slightly bearish note today, it remains to be seen how it performs throughout the rest of the trading session. Investors and traders are advised to stay cautious and keep a close watch on market developments to make informed decisions.