Stock Market Opening: Good start to the stock market, Sensex jumps 430 points, Nifty crosses 17,000
Stock Market Opening: In the Indian stock market, on Tuesday, the beginning of the market is visible. Today, the Sensex has gained more than 400 points at the beginning of the market. Sensex is seen at the level of 57,178.68 with a jump of 431.54 points or 0.76 percent. On the other hand, Nifty is trading above 17,000 with a gain of more than 100 points. The market is gaining momentum from the metal and IT indices.
How did the market show in the pre-opening
Today in the pre-opening, there was a good rally in the market, due to which there is hope that the stock market can start with a boom today. After yesterday’s heavy fall, today Nifty has gained 57.70 points, or 0.34 percent, in pre-open trade at 16970 with a gain of 57.70 points. Apart from this, in the initial pre-opening trade itself, it went up by 109 points to above 17,000. As far as the Sensex is concerned, it was also trading at 57,062.82 with a gain of 315.68 points or 0.56 percent in the pre-open.
Keep an eye on top gainers / top losers
Talking about Nifty, 46 out of 50 stocks are trading with a bullish momentum and metal stocks are supporting the rally. Among the top gainers, Tata Steel, Hindalco, Kotak Mahindra Bank, Axis Bank and Adani Ports are trading with green marks, while looking at the 4 falling stocks, today there is a huge decline in pharma stocks. Cipla, Dr Reddy’s Labs, Divi’s Labs and Sun Pharma are showing weakness of 0.83 per cent to 0.26 per cent. A decline of 0.08 percent is being seen in the IOC.
Today many sectors in the green mark of growth in the sectoral index
Today, except Nifty’s Pharma and Healthcare index, all the other sectoral indices are seen trading in the green with a bullish trend. With their support, Nifty had even crossed 17,050 in the beginning itself. As far as Bank Nifty is concerned, it is seeing a great jump and it is trading at 36,193.80 with a jump of 457 points or 1.28 percent. Nifty Midcap 50 also remains at 8358 with a gain of 0.70 percent.
There was heavy selling in the market yesterday
In yesterday’s trading session, the stock market saw a major fall and it was seen as an effect of Omicron effect. The BSE Sensex closed at 56,747.14, down 949.32 points or 1.65 per cent yesterday. At the same time, the Nifty 50 index closed at 16,913.85, down 282.85 points or 1.64 percent.
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