Stock Market Updates: Domestic stock markets have started in green on Monday. In the last few days, the curve of the second wave of Corona seems to be decreasing slightly. Everyday new cases are getting reduced. At the same time, there are good signs today from the global markets, due to which the stock market has seen a boom. Today, the BSE Sensex has risen by over 260 points, while the Nifty has opened above 14,700.
If you look at the figures of 9.56 in the morning, the Sensex was trading at a level of 49,071.22 with a gain of 338.67 points i.e. 0.69%. At the same time, the Nifty was at a level of 14,773.00, taking an increase of 95.20 points i.e. 0.65%.
In the opening, the Sensex opened at a level of 48996.93 with a gain of 264.38 points, or 0.54%, and the Nifty opened with a gain of 76 points, or 0.52%, at 14753.80. A total of 23 stocks in the 30-share Sensex have opened in green. A total of 1296 shares have gained in the opening, 264 shares have declined and 75 have remained unchanged.
Let us know that there was a significant decline in the stock market last week. After last week’s business, market capitalization of eight of the top 10 valued companies in the country decreased by Rs 1,13,074.57 crore last week. Tata Consultancy Services (TCS), Infosys and HDFC Bank were the biggest losers. Of the top 10 valued companies, only two – Reliance Industries and State Bank of India – made profit on a weekly basis.
Shivani Kurian, senior executive vice-president and head of stock market research division, Kotak Mahindra AMC, said on Friday that the situation of the Kovid-19 pandemic is undoubtedly critical, due to health issues, the market may see volatility in the near future is.
He said that the market will keep an eye on the pace of vaccination, the graphs of Kovid patients and the observations of the managers of the companies. Relief in lockdown in local markets, prices of commodities like crude oil and steel in the global commodity market will also get investors’ attention.
(With input from language)