New Delhi. The Indian stock market opened well on Thursday due to positive sentiments. The stock market started trading on a strong note. Despite the weakness of the opening minutes during the trading, the stock market is trading continuously in the green mark. There has been a lot of buying in the market since morning. There is also a sell-off in between, but there is an overall strong atmosphere in the stock market.
The Bombay Stock Exchange (BSE) Sensex started trading today with a gain of 202.26 points from the level of 52,143.90. The selling phase started as soon as the market opened, due to which the Sensex fell 185.98 points from the opening level to 51,957.92 in the next 10 minutes. After this, the bulls took the lead, due to which there was a boom in the stock market. At present, there is a bullish atmosphere in the stock market amid buying and selling. At 12 noon, the Sensex was trading at a level of 52,215.40, up 273.76 points.
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Similarly, the Nifty of the National Stock Exchange (NSE) today started trading with the strength of 56.75 points from the level of 15,692.10 points. Due to the initial selling, Nifty also had a declining trend, but later as soon as the buying intensified, Nifty also started jumping upwards. At 12 noon, the Nifty was trading at a level of 15,722.15 points with a gain of 86.80 points.
So far, good buying is seen in the metal and IT sector stocks. Similarly, the pharma and realty sectors are also showing steady strength. On the other hand, the FMCG sector seems to be under pressure. In today’s business, good business is seen in the large cap stock. The stock market is getting a lot of support due to the performance of companies like State Bank of India, Reliance Industries. Out of 30 Sensex stocks, 22 stocks are trading in the green, while 8 stocks are weak and they are trading in the red mark.
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In the business so far, Power Grid Corporation, Tech Mahindra, IndusInd Bank, State Bank of India, Reliance Industries Limited, Sun Pharma, NTPC and Infosys are supporting the stock market, showing strength. On the other hand, Nestle India, Bajaj Auto, Maruti Suzuki and Asian Paints are keeping pressure on the stock market due to their weakness.
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