BSE Sensex Opened At 49,986 On Tuesday At 9.15 Am

BSE Sensex opened at 49,986 on Tuesday at 9.15 am. Sensex speed up like Rocket as soon as share market opened, Banking-Auto stocks saw boom.

BSE Sensex opened at 49,986 on Tuesday at 9.15 am. It saw a rise of about 500 points from yesterday’s bandh. It saw further rise around 9.30 pm and reached the 50,183.20 mark.

Banking and auto stocks saw good growth. Shares of almost all banks were up between 1.3 per cent and 2.7 per cent. The stock of Bharti Airtel saw a decline. The NSE Nifty 50 index is also trading at 15,100 points with a gain of 182 points.

Earlier, the stock market on Monday saw the fastest rally in nearly 7 weeks. The BSE Sensex surged by over 848 points as investors’ confidence grew, with the daily cases of Covid 19 infection declining.

The 30-share BSE Sensex (BSE Sensex) jumped 848.18 points or 1.74 percent to close at 49,580.73. NSE Nifty also gained 245.35 points i.e. 1.67 percent to reach 14,923.15 points. This is the biggest gain in any day after March 30 in these indices.

Investor’s assets increased by Rs 3,03,725.89 crore.

Investors’ wealth rose by Rs 3,03,725.89 crore with this surge in the stock market on Monday.

The market capitalization of companies rose by Rs 3,03,725.89 crore to Rs 2,13,64,459.08 crore in BSE Sensex based on 30 shares.

IndusInd Bank on top.

Sensex shares topped IndusInd Bank with a gain of 7.27 percent. Apart from this, State Bank of India, ICICI Bank, HDFC Bank, HDFC Ltd, Axis Bank, Bajaj Finserv and Ultratech Cement also grew well.

On the other hand, L&T, Bharti Airtel, Nestle India, Sun Pharma and Powergrid etc. declined. The indices of small and medium-cap companies registered with BSE rose up to 1.63 per cent.

Rapid reduction in Covid cases.

Vinod Nair, head of research at Geojit Financial Services, said the market led by shares of banks, metals and auto companies rose as the case for infection declined.

The market expects that there will be a sharp reduction in Covid cases. This has reduced concerns about ‘lockdown’ and improved prospects for the 2021-22 economic projections.

This led to a rise in bank shares due to some concerns about asset quality.