Lagatar24 Desk
Mumbai, Sept.30: Domestic stock market has opened slightly down, extending the previous day’s losses ahead of derivatives expiration. At 9:18 a.m., the BSE Sensex was down 80 points, or 0.31 percent, to 59,358.50, and the NSE Nifty was down 26 points, or 0.1 percent, to 17,688.50. The BSE Midcap index and BSE Smallcap index have both gained 0.5 percent and 0.8 percent, respectively, surpassing their largecap counterparts.
According to observers, the markets are anticipated to be turbulent during the day due to the expiration of the September F&O series.
On the global level, Asian stocks fell on Thursday morning as investors responded to the release of September manufacturing activity data from China. The Nikkei 225 index fell 0.67 percent, the Topix 0.65 percent, and the Kospi 0.17 percent.
Concerns over inflation and increasing treasury yields caused one of Wall Street’s worst selloffs this year, but advances in defensive stocks like Boeing helped the Dow and S&P 500 index regain some lost ground overnight. The Dow Jones finished 0.30 percent higher at 34,402.29, while the S&P 500 finished 0.16 percent higher at 4,359.53; the Nasdaq Composite, on the other hand, finished 0.26 percent lower at 14,509.17.
On the BSE, Dr Reddy’s, L&T, Tata Steel, and IndusInd Bank have all gained up to a percent. Other notable gainers on the BSE include Sun Pharma, Bajaj Finserv, and ITC.
Powergrid, Bajaj Auto, and Kotak Mahindra Bank, on the other hand, are trading on the BSE with losses of roughly 1% each.
The market breadth on the BSE is thin. There are 1,891 advancing shares and 729 declining shares among the 2,754 equities traded on the BSE.
