Share Market Live Update: After Tuesday’s fall in the stock market, today i.e. Wednesday is bright. The start of the stock market was strong today. Sensex and Nifty opened with gains today. BSE’s 30-share key sensitive index Sensex opened at 56,555 with a gain of 778 points at 9.15 am. On the other hand, Nifty also started trading today with a green mark. Today in the pre-opening at 9 o’clock in the morning, the Sensex was at the level of 56718 with a tremendous jump of 941 points. At the same time, Nifty at the level of 16855.
The US stock markets were bright on Tuesday. The Dow Jones gained 599 points to close at 33544 and Nasdaq rose 367 points to 12948, while AA&P rose 2.14 or 89 points to close at 4262.
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The Sensex Nifty was at the level of 16900 with a gain of 237 points in the opening trade. In the opening trade, 49 stocks of Nifty 50 were on the green mark. At the same time, the Sensex was trading at the level of 56,616.25 with 839 points. All stocks including HDFC Bank, Infosys, Asian Paints, SBI, Wipro were on the green mark in the Sensex.
There was a break on the market’s momentum on Tuesday
The stock markets continued to gain momentum from the last five trading sessions on Tuesday and both the standard indices – BSE Sensex and NSE Nifty – closed with a fall. Markets ended in losses with losses in shares of Reliance Industries, Infosys and HDFC Bank, which had a strong share in the index, amid a weak global trend.
The 30-share BSE Sensex was up over 200 points in early trade. But later it declined and finally it lost 709.17 points to close at 55,776.85. At one point during the trading, it had fallen 1,067.07 points to 55,418.95 points. The Nifty of the National Stock Exchange also closed at 16,663 points, down 208.30 points.
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Tata Steel, Tech Mahindra, Kotak Mahindra Bank, Infosys, Reliance Industries Limited, Axis Bank and HCL Tech were the biggest losers in the Sensex stocks. On the other hand, gainers include Mahindra & Mahindra, Maruti Suzuki, Nestle India, Asian Paints and Titan. Among other major markets in Asia, Hong Kong’s Hang Seng and China’s Shanghai Composite ended in heavy losses amid concerns about a re-imposed lockdown to contain the pandemic. Japan’s Nikkei rose marginally. Major markets in Europe were in a downtrend in afternoon trade. The sentiment has also been affected by the meeting of the US Federal Reserve on monetary policy.