Most Of The Stocks Listed In The Sensex Were Green On Opening
Most of the stocks listed in the Sensex were green after opening.The stock market swings in the footsteps of RBI and Sensex, these stocks saw a special rise.
The BSE Sensex went above 125 points on Friday with the announcement of the Reserve Bank’s monetary policy review. Most of the stocks listed in the Sensex were green after opening at 52,367 points.
In this, business was going well in 23 stocks including LT, Indusind Bank, Asian paint. While Nifty 50 was trading at 15,728 points.
This time the central bank repo rate has not been changed in monetary policy. It has been retained at 4 percent, while the reverse repo rate will remain at 3.35 percent.
Let us tell you that after two days of light trading on Thursday, there was a strong rally in the stock markets in which both Sensex and Nifty indices closed at record highs.
Before the monetary policy review of the Reserve Bank, there was buying in shares of banks, financial and infrastructure companies.
A rise in the rupee against the US dollar coupled with better performance of mid-and small-cap stocks also supported the market.
Similarly, the National Stock Exchange’s Nifty gained 114.15 points, or 0.73 percent, to end at an all-time high of 15,690.35. Titan was the biggest gainer among the stocks included in the Sensex.
It gained 6.69 percent. Apart from this, ONGC, L&T, Kotak Bank, Axis Bank, Bajaj Finance, and HDFC Bank also saw good gains.
The 30-share BSE Sensex opened with strength and remained bullish throughout the trade. In the end, it closed at a record 52,232.43 with a gain of 382.95 points or 0.70 percent.
Earlier, the index closed at a record high of 52,154.13 on February 15 this year.
On the other hand, IndusInd Bank, PowerGrid, Bajaj Auto, Mahindra & Mahindra, and Dr. Reddy’s fell up to 2.15 percent.
Vinod Modi, Head of Strategy, Reliance Securities, said the domestic equity markets remained bullish and benchmark indices closed at record highs.
He said the market was supported by a rise in stocks of financial services companies having a strong market share. Shares of realty, daily use goods companies (FMCG), and metallurgical companies were among the gainers.
According to Modi, there was some pressure on the stocks of IT, pharmaceutical and auto companies.
Mid- and small-cap stocks continue to perform well. The prospect of improving earnings is attracting investors to this segment.
