Volatility of the market: Early trading shows varied patterns for indices

Early Monday trading on the Indian stock markets saw erratic fluctuations, which closely mirrored the contradictory patterns seen in international markets.

Rising Gains Initially, Then Declines
To achieve 71,647.97 points, the 30-share BSE Sensex increased by 52.48 points, or 0.07%. It eventually gave up these gains, however, falling 147.85 points, or 0.21%, to end at 71,447.64 points.Comparably, the wider Nifty suffered a decline of 44.60 points, or 0.20%, to 21,737.90 points after first rising by 30.70 points, or 0.14%, to 21,813.20 points.
Performance of Index Constituents: The Sensex’s biggest gainers were Wipro, HCL, Tech Mahindra, and Infosys, while the major decliners were PowerGrid, Hindustan Unilever, Reliance, Bharti Airtel, and ICICI Bank.
From the viewpoint of a market analyst:
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, discussed the possible effects of higher US bond rates on selling by international institutional investors while discussing the state of the market. He said, “The ongoing tug of war between the bulls and the bears is likely to persist.”
Overview of the Global Market:
The Nikkei 225 in Tokyo and the Shanghai Composite in China both had little increases in trading, while the Hang Seng in Hong Kong saw a decline.
While US equities completed the previous trading day with mixed outcomes, European markets closed down. On Monday, the price of a barrel of Brent crude, the benchmark for the world’s oil markets, dropped by 0.52%.
Foreign Institutional Investors (FIIs) bought shares on Friday worth Rs 141.95 crore, according to exchange data.
The Nifty increased by 64.55 points, or 0.30%, to end at 21,782.50 points on Friday, while the Sensex gained 167.06 points, or 0.23%, to conclude at 71,595.49 points.