Stock market continues to fall for third consecutive day

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Stock market continues to fall for third consecutive day

New Delhi : Due to weak global cues, the domestic stock market is still showing a weak trend. The Indian stock market started trading on a strong note on Wednesday, but after trading for a while, the bears dominated the market, due to which both the Sensex and Nifty indices took a dive and reached the red mark.

The Bombay Stock Exchange (BSE) Sensex started trading with a gain of 180.06 points from the level of 54,544.91 points. With the support of buying in the first 15 minutes of trading, the Sensex gained 233.70 points to reach the level of 54,598.55 points. But after this all-round selling started in the market, due to which the Sensex took a dive and reached the red mark.

During trading, there was intermittent buying in the market, but the selling pressure was so much that the Sensex could not recover and kept falling down continuously. The Sensex was trading at a level of 54,118.46 points, down 246.39 points after trading for the first one hour amid continuous buying and selling.

Like the Sensex, the Nifty of the National Stock Exchange (NSE) also started trading with the strength of 30 points from the level of 16,270.05 points. In early trade, the Nifty also jumped 78.7 points to the level of 16,318.75 points with the support of buying, but after that the selling started in the market forced the Nifty to dive too.

There was occasional slight buying in the market, but the selling pressure continued in the business, due to which the index kept falling. The Nifty was trading at a level of 16,170.9 points with a weakness of 69.15 points at 10:15 am after trading for the first 1 hour amid ongoing buying and selling in the stock market.

The domestic stock market had a mixed start in the pre-opening session. In this session, the BSE Sensex was up by 324.17 points, or 0.60 percent, at the level of 54,689.02 points. On the other hand, Nifty had reached the level of 16,229.60 points with a weakness of 10.40 points in the pre-opening session.

Before this, on the last trading day i.e. on Tuesday, the Sensex had closed at a level of 54,364.85, down 105.82 points or 0.19 percent. On the other hand, Nifty had ended Tuesday's trading at the level of 16,240.05 with a dive of 61.80 points or 0.38 percent.