Share Market Today / The market started flat in the green mark, these stocks saw big fluctuations

Share Market Today: On Friday, the last trading day of the week, the Indian stock market started flat in the green. While the Sensex and Nifty started with a slight gain in the market, big stocks like Tech Mahindra saw a sharp decline.

The BSE Sensex started the day with a marginal gain of 28.72 points at 79,830.15 points. On the other hand, the NSE Nifty 50 index opened with a gain of 42.30 points at 24,289.00 points. The market was weak on Thursday, when the Sensex closed 58.06 points lower at 80,058.43 and the Nifty closed 51.05 points lower at 24,277.90.

Market tone: Sign of uptrend but caution remains

On Friday, shares of 25 out of 30 Sensex companies started in the green, while shares of 5 companies opened with a decline. In Nifty 50 also, the shares of about 74 percent of the companies showed positive trend. This shows that the sentiment of investors in the market is currently positive, but pressure remains in select stocks.

Pressure on Tech Mahindra, Zomato shines

The biggest decline in the stock market today was seen in the shares of Tech Mahindra, which opened with a decline of 3.52%. This decline may reflect investors' concern about the company's recent performance or future strategies. On the other hand, Zomato shares saw a gain of 0.89%, making it the biggest jumping stock in the Sensex.

Mixed performance in big companies

Among other major companies of Sensex, TCS showed strength of 0.87%, Tata Steel 0.85%, and Tata Motors 0.67%. Apart from this, blue-chip stocks like Infosys, Reliance, ICICI Bank, HDFC Bank, and Maruti Suzuki also opened with slight gains.

Some stocks downtrend

Amidst this slight uptrend in the market, some stocks opened in the red. These include Axis Bank (-2.92%), Nestle India (-1.27%), HCL Tech (-0.43%) and Asian Paints (-0.26%). This decline may be the effect of immediate news related to these companies, quarterly results or sectoral trends.

What does the market mood say?

Today's opening indicates that the investor sentiment is still cautiously positive. Although some volatility may be seen in the technology and banking sectors, the overall market seems to be moving towards stability.

The direction of the market will now be decided by global cues, the upcoming meeting of the US Fed Reserve, and quarterly results of companies. This is the time for investors to take decisions with caution and discretion.