Stock Market Opened At Record Level, Sensex Rises By 310 Points

Stock market opened at a record level, Sensex rises by 310 points, Nifty near 12900.

The stock market opened with record gains on the second trading day of the week. At 9:16 am, the Bombay Stock Exchange index Sensex rose 309.52 points to open at 43,947.50.

At the same time, the National Stock Exchange’s Nifty jumped 78.15 points to open at 12,858.40 level. Of 50 stocks of Nifty, 43 stocks were trading in the green mark and 7 shares in the red mark.

Nifty gainer and loser

Among today’s major stocks, Tata Motors, Tata Steel, Reliance, IndusInd Bank, and Tech Mahindra started at a rapid pace.

On the other hand, shares of Eicher Motors, Axis Bank, Bajaj Finserv SBI, and Hindalco opened on the red mark. Talking about the sectoral index, all sectors opened on the green mark today.

These include Finance Services, Banks, Realty, Auto, Pharma, FMCG, Private Banks, PSU Banks, IT, Metals, and Media.

Both indices reached an all-time high on Saturday in a special Muhurta trading session. On the auspicious occasion of Diwali, the Sensex closed up 194.98 points at 43637.98.

At the same time, the Nifty started with a gain of 50.60 points at 12770.60. BSE and NSE remained closed on Monday on the occasion of ‘Diwali Baliapratipada’.

Earlier, on the day of the beginning of Samvat year 2077, on the commencement of special Muhurta trading on Saturday, the Bombay Stock Exchange index rose by 381 points to its all-time high.

In the first few minutes of trading, the Bombay Stock Exchange index, based on 30 stocks, rose by 380.76 points, or 0.88 percent, to a height of 43,823.76 points.

Similarly, the NSE Nifty index rose 117.85 points, or 0.93 percent, to its new record high of 12,808.65 points.

BSE indices in almost all sectors, including telecom, capital goods, industrial, and finance sectors were in profit. Traders and investors opened their new ledger accounts on the first trading session of Samvat 2077.

In the absence of a major factor domestically in the week affected by the holiday, this week is expected to be driven by personal signals from the domestic stock markets. Analysts have predicted this.

The BSE Sensex gained 1,744.92 points or 4.16 percent and the NSE Nifty rose 516.70 points or 4.20 percent in the previous week.

Ajit Mishra, vice-president (research), Religare Broking Ltd, said, “This week is affected by the holiday and we believe that global cues will be stressed, as domestic factors are not present.”

The quarterly results of the companies are also almost over.