Share Market Live Update: Amidst the counting of votes for the ongoing assembly elections in 5 states including Uttar Pradesh, Punjab, the stock market is also giddy. The domestic stock bar is looking bright for the third consecutive day. Sensex and Nifty opened with huge gains today. On Thursday, BSE’s 30-share key sensitive index Sensex opened at 56,242.47 with a gain of 1595 points at 9:15 am. On the other hand, Nifty also started trading today with a green mark.
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On Wednesday, the US stock markets closed with huge gains. The Dowjons closed at 33286 with a jump of 653 points or 2 percent, while the Nasdaq jumped 3.59 percent at the level of 13255. At the same time, a jump of 2.57 was also registered in the S&P. It closed at 4277 level with a huge jump of 107 points. Its effect is also being seen in the Indian stock markets today.
In the early trade, the Sensex is trading at the level of 55760 with a gain of 1113 points. At the same time, Nifty was at the level of 16644 with a jump of 299 points. In the Sensex, Axis Bank 4.26 percent, Asian Paints 4.24 percent, SBI 4.16 percent, ICICI Bank 4.02 fees were trading above.
Wednesday’s condition:
Stock markets rose for the second day in a row, Sensex rose 1,223 points
Domestic stock markets saw a rise on Wednesday on a favorable stance from investors hoping for diplomatic efforts to resolve the Ukraine crisis. During this period, Sensex and Nifty rose more than two percent due to buying in Reliance Industries and HDFC. The 30-share index opened on a positive note and at one point managed to gain up to 1,469.64 points with investor support. However, it declined a bit later due to some profit-booking. At the end of trading, it closed at 54,647.33 points, up 1,223.24 points, or 2.29 per cent. The selling trend of foreign investors in the Indian market continues. According to available data, foreign institutional investors sold shares worth Rs 8,142.60 crore on Tuesday.
Similarly, the Nifty of the National Stock Exchange also saw a rise of 331.90 points, or 2.07 percent, and closed at 16,345.35 at the end of trading. Asian Paints, Reliance Industries Ltd, Bajaj Finance, Mahindra & Mahindra, IndusInd Bank, Bajaj Finserv, Maruti Suzuki, HDFC Bank and UltraTech Cement were among the gainers in the Sensex pack. Shares of these companies closed with a jump of up to 5.56 percent. Asian Paints was the biggest gainer with a gain of 5.56 per cent. After this, the stock of Reliance Industries was successful in taking a gain of 5.24 percent. Bajaj Finserv gained 5 per cent and HDFC Bank gained 3.29 per cent.