Stock Market Opening: Market Made Early Gains
Stock Market Opening: Market made early gains, Nifty again crosses 16 thousand, Sensex rises 300 points.
Despite the pressure, the Indian stock market took an early lead on Friday and the Sensex-Nifty opened with a boom.
Investors showed a positive approach this morning and insisted on buying. However, there have been many times this week when the market closed with a loss after opening on the edge.
The Sensex opened and started trading at 53,638 with a gain of 222 points this morning, while the Nifty rose 72 points to reach 16,011.
Seeing the early gains in the market, investors got excited and they insisted on buying continuously, due to which the Sensex rose by 300 points to 53,717 at 9.25 am, while the Nifty rose 88 points to trade at 16,030.
Stock Market Opening: Buying has been seen here today.
Investors focused on companies like HUL, Bharti Airtel, Tata Motors, SBI, IndusInd Bank, Bajaj Finance, L&T, Kotak Bank, Axis Bank, Infosys, and Tech M since this morning.
The stocks of these companies became top gainers due to continuous buying.
On the other hand, selling is visible in the stocks of HCL Technologies, JSW Steel, Eicher Motors, M&M, Hindalco Industries, and Tata Steel.
Due to profit-booking, the stocks of these companies came under the category of top losers. In today’s trading, BSE Midcap and Smallcap are also seeing a jump of 0.5 percent.
All sectors are on the green mark.
If you look sector-wise, all the sectors are showing on the green mark in today’s business. The fastest growth is visible in the FMCG and consumer durables section.
These sectors are trading at a jump of 1 percent, while the stock of Nifty Metal is showing a decline since the beginning of today.
Shares of Angel One fell 1 percent in early trade today, while Syngene International is seeing a big jump of 2 percent
The Asian market is also on the red mark.
The stock market, which became a victim of selling in America-Europe, is under pressure in Asia as well. Most of the stock markets of Asia are trading on losses this morning.
The Singapore Stock Exchange is trading at a loss of 0.03 percent and Japan’s Nikkei at 0.12 percent.
Apart from this, there is a loss of 0.06 percent in Taiwan’s market, while South Korea’s Cospi is trading down by 0.64 percent. A big decline of 0.41 percent is seen in China’s Shanghai Composite today.
