The Nifty Bank was trading at the level of 49,595.20 by jumping 280.7 points.
The domestic stock market opened with an increase on Wednesday. The Sensex of Bombay Stock Exchange (BSE) was trading at 75,434.23 at the level of 75,434.23 at 9.19 am. Similarly, the National Stock Exchange (NSE) Nifty was also trading at a level of 22,883.70 with a rise of 49.4 points. But later again at 9.24 am, the market went into a red mark. In today’s early trade, Tata Steel, JSW Steel, Bajaj Finserv, SBI, Bharti Airtel were in major benefits in early trade, while TCS, HCL Technologies, Tech Mahindra, Cipla, Trent were in disadvantage. The BSE midcap and smallcap index rose by 0.5–1 percent. Except for IT, Pharma, all other sectoral index are trading in the green mark, with Telecom, Media Metal, PSU Bank gaining 1–1 percent.
US market condition
The US markets witnessed a decline on Tuesday after a two -day lead as the major indices saw a sharp decline. Dow Jones fell 0.62% to close at 41,581, while S&P 500 fell to 1.07% to 5,614. It was 8.6% below the highest level of February and was close to the improvement area. Nasdaq fell the biggest decline, which fell 1.71% to close at 17,504.
According to the news of Bloomberg, while the shares in Asia rose for the fourth consecutive day. The Yen fluctuated after the Bank of Japan kept its policy interest rate stable as expected. Japan and South Korea shares rose, while China shares declined and Hong Kong’s shares were mixed with mixed trend.
The market was bounced strongly in the last session
On March 18, there was strong purchases in all sectors and comprehensive indices in Indian stock markets. The Nifty was crossing 22,850 points during the Intrade trading and closed at 22,834.30 with a gain of 325.55 points. The Sensex closed at 75,301.26 with a gain of 1,131.31 points.
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