share market updates today february 22 2021 latest news bse nse sensex nifty stock market update – share market

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The stock market moves sluggish, beginning with the fall in the Sensex-Nifty. (Symbolic picture)

New Delhi:

Share Market Today: The stock market is witnessing steady sluggishness amid weak global cues. On Monday, February 22, 2021, the benchmark index opened with a slight uptrend. The last business week saw a significant decline. The BSE major index Sensex lost 654.54 points or 1.26 percent in the previous week. The NSE index Nifty has come down to 14,900.

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At 09:16 in the morning, Sensex was trading up 20.80 points i.e. 0.04% at 50,910.56, while Nifty saw a rise of 2 points i.e. 0.01%, with the index opening at 14,983.80. After the opening, there was a spurt in about 996 stocks, while 409 shares declined. No change was recorded in 92 shares. In the opening, 20 stocks of 30-share Sensex opened in green mark.

On this week’s trading direction, analysts say that the stock market will follow global trends in the absence of any major domestic events this week and it is expected that the market movement will be limited in this period. Analysts said that due to the cutting of monthly derivatives deals, there may be ups and downs.

Nirali Shah, head of equity research company Samco Securities, said markets are expected to remain sluggish and limited. He said that investors should trade in the major indices carefully and keep in mind any developments in the global markets.

Shah said, “Markets kept the expectation at the beginning of the week, but after the Nifty reached its new all-time high, there was a sales pressure in the market.”

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After the general budget, there was a boom in the market, but the profit recovery dominated last week. Analysts also said that the rally in Brent crude, the rupee move and the trend of foreign institutional investors will affect the market sentiment.

(With input from language)

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