Investors and traders around the world keenly follow the stock market’s opening bell, as it sets the tone for the day’s trading activity.
The Sensex started the day down by 194.40 points, or 0.27 percent, at 72,567.50. Similarly, the Nifty fell by 15.20 points, or 0.07 percent, to 21,982.50
The day after a big drop in the stock market, the main Indian indices, Sensex and Nifty, started lower on Thursday (March 14). Sensex began 194.40 points, or 0.27 percent, down at 72,567.50, and Nifty slipped 15.20 points, or 0.07 percent, to 21,982.50.
In the Asian market, there was a mix of gains and losses. Nikkei fell by 0.10 percent to 38,656.13, while Kospi rose by 0.57 percent to 2,708.59. Global crude oil prices stayed strong after attacks on Russian refineries. Brent crude oil futures went up by 0.20 percent to 84.20, and US WTI increased by 0.16 percent to 79.85
As of the opening bell today, both the Sensex and Nifty experienced minor dips. The Sensex opened at 194.40 points, down 0.27% from the previous closing, while the Nifty opened at 15.20 points, down 0.07% from the previous closing. These minor dips indicate a cautious start to the trading session.
Profit booking is a common strategy employed by investors and traders to lock in gains. After a period of bullishness or significant price appreciation, some market participants may choose to sell their holdings, leading to a minor dip during the opening. Profit booking is a natural part of the market cycle and can contribute to short-term volatility