Market Live: Stock market starts strong, Sensex opens with gains of 421 points, Nifty above 8900

Major stock markets across the world, including India, closed with a green mark on Monday. The effect of this is also being seen on BSE and NSE on Tuesday. The Bombay Stock Exchange’s 30-share sensitive index Sensex opened 421 points higher today at 30450, while the National Stock Exchange’s Nifty also started trading above 8,900.

On Monday, the American markets saw a great boom after Moderna’s vaccine was successful. The Dow Jones jumped 912 points. The S&P 500 (S&P 500) closed at 2,953.91 on Monday, up 90.21 points or 3.15%, compared to Friday’s closing level of 2,863.70. The Nasdaq Composite also gained 220.27 points or 2.44% to 9,234.83 on Monday, compared to Friday’s closing level of 9,014.56.

While the domestic stock market declined due to beating of the stocks of banking sector. On Monday, the Bombay Stock Exchange Sensitive Index fell to a low of 29,968.45 in day trading. However, the Sensex later ended with a loss of 1028 points at 30,068. On the other hand, the National Stock Exchange Sensitive Index Nifty also closed down around 8823, down 313.60 points, or 3.43 per cent. Banking stocks have fallen sharply, due to which the Bank Nifty slipped 6.69% and slipped below 18000.

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At the same time, the number of people infected with the Corona virus so far has crossed the worrying figure of one lakh (100,000). In the last 24 hours, several thousand new cases of Kovid-19 have been reported in Maharashtra, Gujarat, Tamil Nadu and many other states. According to the Ministry of Health, 3163 people have died so far.