Share Market Opening: Boom in the stock market; Sensex new record, Nifty also up
The greening of the US market and the rapid growth in the Asian market are also being attributed to the major boom in the market. On the other hand, after the statement of the head of Federal Reserve, Jerome Powell, the rupee is showing strength. On Thursday, the rupee was seen trading 35 paise higher at 81.07 against the dollar. On Wednesday, the Indian currency had closed at 81.42.
Adani’s entry into NDTV’s board, shares hit rocket speed; A news sent a storm in the stock market
Status of Regional Indexes
Banking, IT, Pharma, Metals, Energy and Private Bank shares are witnessing a strong rally in the market. At the same time, auto, FMCG sector stocks are also falling while midcap and small cap stocks are also performing well. Out of 30 Sensex stocks, 20 stocks are trading higher and 10 stocks are trading lower. At the same time, 27 out of 50 Nifty stocks opened higher while 23 stocks recorded declines.
Jhunjhunwala’s Stock’s Surprising Performance, Shares at 52-Week Highs, What’s the Reason?
Bullish stocks
IT shares rose today in the opening trade of the day. Tech Mahindra 2.01 percent, Infosys 2 percent, HCL Tech 1.74 percent, Wipro 1.73 percent, TCS 1.55 percent, HDFC Bank 1.50 percent, Larsen 1.28 percent, Dr. Reddy is trading bullish with gains of 0.85 percent.
Which stocks fall
Meanwhile, despite the rally in the stock market, the profit-taking stocks included HUL 0.94 per cent, Mahindra & Mahindra 0.67 per cent, Asian Paints 0.49 per cent, Power Grid 0.36 per cent, Maruti Suzuki 0.35 per cent, ICICI Bank 0.18 per cent. On a percentage basis, NTPC is trading down 0.15 percent.
