Stock Market Updates: After seeing a sharp decline on Monday, the domestic stock market is seeing good momentum on Tuesday. Today the market opened with a bounce amid positive global signals. Dow-Jones and S&P closed yesterday with record closing due to good US economic data, the effect of which is visible today. However, the market showed a negative trend after the opening.
At 10.41 in the morning, the Sensex was seeing an increase of 262.75 points, or 0.53 per cent, and the index was trading at a level of 49,422.07. During this period, the Nifty was trading at a level of 14,724.45, taking an increase of 86.65 points i.e. 0.59 per cent.
Talking about the opening, the Sensex rose more than 300 points in early trade on Tuesday due to the increase in shares of big companies like HDFC Bank, HDFC, Infosys and ICICI Bank. The 30-share BSE Sensex strengthened after opening with a weak trend. Later it rose by 313.14 points or 0.64 percent to 49,472.46 points. Similarly, the National Stock Exchange’s Nifty gained 99.80 points or 0.68 percent to 14,737.60 points in early trade.
Among the Sensex companies, Powergrid’s share was the biggest gainer of two per cent. Shares of M&M, NTPC, IndusInd Bank, Bajaj Finance, Sun Pharma, Dr. Reddy’s, ICICI Bank, HDFC Bank, HDFC and Infosys were also on the rise. On the other hand, Titan’s stock was in decline.
The Sensex had ended at a loss of 870.51 points or 1.74 percent at 49,159.32 points in the previous trading session. The Nifty was at 14,637.80 points, down 229.55 points or 1.54 percent.
(With input from language)