share market
Mumbai:
The country’s stock market started trading with a boom on Wednesday. In morning trade, Sensex was trading up 291 points to 65367 and Nifty was trading up 84 points to 19427. In the Nifty 50, 45 stocks are seeing advances while only 5 stocks are seeing declines. Stocks which are gaining momentum here include shares of JIOFIN, HINDALCO, UPL, TECHM, HCLTECH while stocks which are declining include shares of BPCL, POWERGRID, HINDUNILVR, COALINDIA, ASIANPAINT.
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Let us tell you that amid a strong trend in global markets, domestic stock markets closed higher for the second consecutive day on Tuesday due to buying in selected financial stocks apart from metal and power sectors. However, losses in heavyweights like Reliance Industries, ICICI Bank and Airtel led to gains in both Sensex and Nifty. BSE’s 30-share benchmark Sensex closed up 79.22 points, or 0.12 percent, at 65,075.82 points. At one point it rose to 232.43 points during trading.
The Nifty of the National Stock Exchange (NSE) also closed up 36.60 points or 0.19 per cent at 19,342.65 points.
Sensex-linked Jio Financial Services Limited was the highest gainer of 4.72 percent. Shares of Tata Steel, Tech Mahindra, NTPC, JSW Steel, Power Grid, Ultratech Cement, HCL Technologies and HDFC Bank were also big gainers.
On the other hand, Bharti Airtel, Hindustan Unilever, Axis Bank, Reliance Industries, Kotak Mahindra Bank, ICICI Bank and IndusInd Bank closed with losses.