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Share Market Update: On Tuesday, December 2, the second trading session of the week started with pressure in the market. Sensex is trading around 85,350 after falling about 300 points. Nifty has also slipped by 90 points to 26,100. In morning trade, 15 out of 30 Sensex stocks remained in the green. Buying was seen in big stocks like Asian Paints, Airtel and Infosys. Whereas HDFC Bank, ICICI Bank and Zomato were dominated by selling.

A similar trend was seen in Nifty also. 26 out of 50 stocks are in the red. IT PSU Bank and Oil & Gas indices showed strength, while Metal Realty and Private Banking stocks continued to fall.

Mixed environment in Asian markets

Asian markets remained in a narrow range in the morning. Korea’s Kospi gained 1.66% to 3,985. Japan’s Nikkei was also up 0.40% at 49,499. Hong Kong’s Hang Seng index closed marginally 0.26% higher at 26,101.

Weak signals from US market

On December 1, American markets closed in the red. The Dow Jones fell 0.90% to 47,289, the Nasdaq was down 0.38% and the S&P 500 also lost 0.53%. Domestic investors bought shares worth Rs 2,559 crore during this period, while FIIs sold shares worth Rs 1,171 crore. In November, FIIs sold shares worth a total of Rs 17,500 crore, while DIIs supported the market by making huge purchases worth Rs 77,083 crore.

Fall on Monday also but made all time high

The market closed under pressure on Monday 1 December also. Sensex fell 65 points to 85,642 and Nifty fell 27 points to close at 26,176. Interestingly, both the indices hit new all-time highs in the early hours of trading—Sensex 86,159, Nifty 26,325 and later there was heavy selling in FMCG, pharma and finance stocks, while auto and IT stocks held the market slightly.