The stock market opened with a bounce, the Sensex opened above the level of 51,000.
New Delhi:
Stock Market Updates: On the basis of the gains made in the last trading session, the domestic stock market opened strongly on Wednesday i.e. Wednesday. The Bombay Stock Exchange’s index Sensex rose more than 300 points amid strong global cues. The index climbed to a level of 51,000 in early trade. At the same time, the Nifty was seen above the level of 15,200.
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If you look at the data at 10.55 am, the Sensex was trading at a level of 51,251.77, taking an increase of 226.29 points i.e. 0.44 per cent. At the same time, the Nifty was at a level of 15,164.85, taking a lead of 66.45 points or 0.44 percent during this period.
In the early trade on Wednesday, the Sensex has risen well due to the strengthening of the shares of some major companies amid the boom in global markets and the ongoing buying by foreign investors. The 30-share BSE Sensex was trading up 329.15 points, or 0.65 percent, at 51,354.63. Similarly, NSE Nifty was trading at 15,194.15 points with a gain of 95.75 points i.e. 0.63 percent.
Among Sensex companies, IndusInd Bank shares were the biggest gainers of nearly three per cent. It was followed by Bajaj Finance, M&M, HDFC, Infosys, HCL Tech, Titan, Bajaj Finserv and Reliance Industries. On the other hand, shares of ONGC, Bharti Airtel, ITC and Nestle India were in decline.
In the previous session, the Sensex had gained 584.41 points, or 1.16 percent, to 51,025.48 points, and the Nifty closed up 142.20 points, or 0.95 percent, to 15,098.40 points. Foreign portfolio investors (FPIs) remain net buyers in the capital market. He bought shares worth Rs 2,801.87 crore on Tuesday.
Meanwhile, the global crude oil benchmark was trading 0.80 percent down at $ 66.98 a barrel. In afternoon trade in the Asian markets, China’s Shanghai Composite, Hong Kong’s Hangseng, South Korea’s Kospi and Japan’s Nikki were in the lead.
(With language input)