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Stock Market Opening: Great start of the stock market, stock market close to its all-time high

by Aaryan Srivastav
September 5, 2024
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Business News Desk, In today’s opening, 1551 shares of NSE Nifty are seeing a rise and 245 shares are seeing a decline. This means that the advance-decline ratio is in favor of the market. Today the midcap index has also opened at a record high. BSE Sensex has come close to its all-time high.

How was the market opening
Today, the BSE Sensex opened at 82,469.79, up 117.15 points or 0.14 per cent. On the other hand, the NSE Nifty opened at 25,250.50, up 51.80 points or 0.21 per cent.

Day high of Nifty and BSE Sensex
In the stock market, the BSE Sensex has made a day high of 82,617.49 today and it is just a little away from its all-time high of 82,725.28. At the same time, Nifty has come to the level of 25,275.45 and has come very close to its all-time high of 25,333.65. Leaving aside external factors, the level of 25,000 is going to be important for Nifty. Most technical analysts are calling this level as strong support for Nifty. Nifty has not closed below 25,000 since August 23. On the upside, the peak of 25,333 has now become important. But, call writing has been seen increasing at the strike of 25,200 and 25,300. In such a situation, it will be important for the bulls to cross this level. No important triggers are seen in the market at the domestic level. But, there is good action in select stocks and sectors.

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