Stock Market Updates: Due to strong global signals, the Indian market has also got a solid opening. The domestic stock market has opened with a bullish momentum and Sensex-Nifty have opened above 80 thousand and 24,300 respectively. Today, on the basis of yesterday’s results of TCS, the IT index is in a rise and it is trading up by 2 percent. Today the media index is trading with a strong rise of 2.47 percent. Perhaps the media sector is benefiting from the coverage of the biggest wedding of the year i.e. Anant Ambani’s wedding taking place in Mumbai today.
How was the market opening?
BSE Sensex opened at 80,093 with a rise of 196.28 points or 0.25 percent. NSE’s Nifty opened at 24387 with a gain of 72 points or 0.30 percent.
Stock market situation at 9.40 am
Sensex remains at 80,147 with a gain of 250.16 points or 0.31 percent and has made a high of 80,294 so far. Nifty has risen 95.80 points or 0.39 percent to 24,411 and has touched a high level of 24,440.
Market Capitalization of BSE
The market capitalization of BSE has come to Rs 452.04 lakh crore which is $5.41 trillion in US dollars. 3252 shares are being traded on BSE and growth is being seen in 1814 shares. There is a decline in 1316 shares and 122 shares are trading without any change. There is upper circuit on 108 shares and lower circuit on 50 shares. 171 shares are at 52 weeks high and 10 shares are at lower price.
Condition of Sensex-Nifty shares
Out of 30 Sensex stocks, 16 are showing a rise and 14 are in decline. Today, on the basis of TCS’s first quarter results, its shares are trading with a rise of 2.80 percent. Out of 50 Nifty stocks, 31 are up and 19 are down and Shriram Finance is at the top with a gain of 3.67 per cent.
Bank shares boom
The popularity of bank shares is such that 10 out of 12 top shares of Bank Nifty are on a good rise. In this also, Axis Bank is at the top and is trading with a rise of 1.67 percent. With the support of growth in bank stocks, the index has crossed 52500 after showing a good bullish opening. Among the falling stocks of Bank Nifty, Kotak Mahindra Bank is trading the most down.
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