- The stock market, which has been bullish for several days, declined yesterday, but today is again seeing a spurt.
- The Sensex closed at a level of 51,703 points on Wednesday, with a spurt of about 200 points, to open at a level of 51,903 points today.
- Nifty closed at a level of 15,208 points on Wednesday, with an edge of about 30 points, open at a level of 15,238 points today.
Share Market Latest Update: Today again Stock Market opened with progression. Sensex gains nearly 200 points to open at 51,903 points today. Nifty today opened at a level of 15,238 points with a decline of about 30 points.
With yesterday’s decline, the Stock Market opened today again with a progression, but the Stock Market has also seen a declining trend.
The Sensex closed at a level of 51,703 points on Wednesday, with a growth of about 200 points (Sensex Surge) to open at a level of 51,903 points today. However, the edge also began to fall sharply.
On the other hand, Nifty has also seen a spurt. Nifty closed at a level of 15,208 points on Wednesday, with a growth of about 30 points (Nifty Surge) to open at a level of 15,238 points today. However, Nifty also saw some decline in initial trading.
Stock market broken under pressure from profit collection yesterday
The country’s Stock Market declined on Wednesday under pressure from profit collection and the major Sensex closed with weakness for the second consecutive day.
The Sensex slipped 400 points from the previous session to close at 51,704 and Nifty fell by about 105 points to 15,209.
Due to the weak signals from Global markets the Domestic Stock Market was under pressure of sale.
Experts point out that the stock market continued to dominate the profit collection. The Sensex closed at 51,703.83 with a weakness of 400.34 points, or 0.77 per cent, from the last session, and the Nifty also dropped 104.55 points, or 0.68 per cent, to 15,208.90 from the last session.
The Sensex, based on 30 shares of the Bombay Stock Exchange (BSE), lost 107.23 points from the last session to open at 51,996.94 and slipped to 51,586.34, while the Sensex had an upper level of 52,078.15 during the day’s trading.
Market cap of 7 out of 10 companies increased last week
With the Stock Markets gaining momentum last week, the market capitalization (M-CAP) of seven of the top ten Sensex companies increased to Rs 1,40,430.45 crore.
Reliance Industries was the highest beneficiary. The BSE30 Sensex climbed 812.67 points, or 1.60 percent, during the week.
Major shares in profit include Reliance Industries, TCS, Infosys, HDFC, ICICI Bank, State Bank of India and Bajaj Finance. HDFC Bank, Hindustan Unilever and Kotak Mahindra were declining.