30 Nov Stock Market Update: Market slips lower in early trade

Sensex nifty down Key benchmark indices slipped in the early morning trade on Thursday due to market movements seemed to have turned negative ahead of India’s GDP growth data which is due today later evening. The stocks of State Bank of India, Kotak Mahindra Bank, Axis Bank, Reliance Industries, Bharti Airtel traded in the red in early trade. 

At 10.35 am, the BSE Sensex traded lower by 252.09 points at 33,350.67, while the NSE Nifty 50 fell 76.50 points to 10,284.80.

Jewellery stocks such as Tara Jewels fell 8.3%, Gitanjali Gems fell 2.4%, PC Jeweller declined 1.8%, among others; while stocks of Healthcare Global rose 5 percent.

Shares of Bajaj Auto and Dr Reddy’s Laboratories were the major gainers on Sensex, rising up over 1 percent while State Bank of India, Axis Bank, Kotak Mahindra Bank, Reliance (RIL) Adani Ports, lost up to 1.7 percent.

Most of the Asian shares also sunk in the early morning session today after the US technology barometer index lost nearly 1 percent on Wednesday.

The rupee goes down 24 paise at 64.55 versus the US dollar in the morning ahead of the Sept quarter GDP data.

Advantages Of Trading Futures Over Stocks

stock future market Stock Futures are the financial contracts in which the underlying asset is an individual stock. Stock Future contract is the agreement to buy or sell a specific quantity of underlying equity share for a future date at a price agreed upon between the buyer and seller. The contracts posses standardised specifications such as market lot, expiry day, unit of price quotation, method of settlement and so on.

Future contracts are being traded in huge numbers day by day and hence futures are very liquid. The regular presence of buyers and sellers in the future markets make certain market orders can be placed quickly.

A future trader can trade high quantity of the security if he has predicted the market movement suitably and will get multiple profits. The Futures trading has a Profit both in bullish and bearish markets, buy and sell are also equally easy. A trader can make money even when the prices go up or go down, if deals properly. The future trading is always profitable, but the investors have to consider that the risk amount in future trading is higher than the Cash segment, in case the assumption goes wrong.

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