After a sharp fall in the stock market yesterday, improvement is visible today.
New Delhi:
After seeing a sharp decline in the domestic stock markets on Monday, the market is showing improvement on Tuesday. After the opening of the market today, the market gained momentum due to the rise in the shares of Reliance Industries, ICICI Bank, HDFC Bank, HDFC, Larsen & Toubro, SBI and Axis Bank. In early trade, the Sensex climbed 236.71 points to 48,120.09, the Nifty rose 68.55 points to 14,379.35.
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If we talk about 10.31 in the morning, the Sensex was showing an increase of 248.88 points i.e. 0.52% and the index was trading at a level of 48,132.26. At the same time, the Nifty was trading at a level of 14,385.15 during this period. The index had gained 74.35 points, or 0.52%.
Almost all sectoral indices were trading with gains. The Nifty PSU Bank index was seeing a gain of 1.52 per cent. At the same time, shares of metal, private bank, realty, bank, auto and financial sector rose between 0.8-1.2 percent. Mid and small cap stocks were also seen selling. The Nifty Midcap index gained 0.75 percent, while the Nifty Smallcap 100 index gained 0.62 percent.
ONGC gained the most by three percent in the Sensex. Apart from this, M&M, PowerGrid, Bajaj Finance, L&T, ICICI Bank and Bajaj Finserv were also trading at a rapid pace. On the other hand TCS, Tech Mahindra, Infosys, Dr. Reddy’s and HCL Tech were in the red mark.
Asian markets were up in Hong Kong, Seoul and Tokyo during afternoon trading, while Shanghai was in the red.
If you look at tomorrow’s trading once again, the Sensex was down by 1,707.94 points or 3.44 percent at 47,883.38 and the Nifty was down by 524.05 points or 3.53 percent at 14,310.80 yesterday. Yesterday, investors lost Rs 8.77 lakh crore of capital amid a sharp fall in the market. The market cap of companies listed on BSE has come down to Rs 200.85 lakh crore.
(With input from language)