New Delhi, May 30 (H.S.): During early trading today, the domestic stock market displayed a downward trend amid fluctuations. Initially weak, buying support briefly improved market strength. However, selling pressure quickly caused both the Sensex and Nifty indices to retreat into negative territory. After the first hour, the Sensex was down by 0.13 percent and the Nifty by 0.25 percent.

Among blue-chip stocks, companies like Eternal, Bajaj Finserv, Coal India, Jio Financial, and Reliance Industries saw gains between 1.49 percent to 0.82 percent, while Bajaj Auto, Tech Mahindra, Hindalco Industries, Infosys, and IndusInd Bank faced declines ranging from 2.31 percent to 1.20 percent. Of 2,408 shares actively traded, 1,087 were in the green with profits, while 1,321 were in the red with losses. In the Sensex, 9 stocks showed gains while 21 struggled under selling pressure; the Nifty had 22 shares in the green and 28 in the red.

The BSE Sensex opened at 81,465.69 points, down 167.33 points, and experienced further decline to 81,414.02 points before buyer activity pushed it up to 81,698.21 points. However, additional selling led it back into the red, trading at 81,523.35 points by 10:15 AM, down 109.67 points. Similarly, Nifty began trading at 24,812.60 points, dropping to 24,780 points due to selling, then rebounding to 24,863.95 points, but ultimately fell again to 24,772.65 points, down 60.95 points, within the first hour.

Hindusthan Samachar / Jun Sarkar