Amid strong global cues, the domestic stock market is also showing a bullish trend today. The shares of Adani Group are once again under pressure. All the stocks of this group are seen trading with a decline. Despite this, both the Sensex and Nifty indices are trading with good gains. After the initial 1 hour of trading, the Sensex was seen trading with a speed of 0.70 percent and the Nifty was trading with a speed of 0.43 percent.
During the first 1 hour of trading, shares of ITC, Britannia Industries, IndusInd Bank, Hindustan Unilever and Infosys were seen trading with a strength of 4.76 percent to 2.10 percent. On the other hand, Adani Enterprises is trading with a huge decline of 26.70 per cent. Apart from this, shares of Adani Ports, UPL, HDFC Life Insurance and Divis Laboratories are trading with weakness ranging from 6.60 per cent to 2.68 per cent.
In the trading so far, there was active trading in 1,936 shares in the stock market. Of these, 634 stocks were trading in the green mark by earning a profit, while 1,302 stocks were trading in the red mark by taking losses. Similarly, out of 30 stocks included in the Sensex, 22 stocks remained in the green mark with the support of buying and 8 stocks remained in the red mark due to selling pressure. While out of 50 stocks included in the Nifty, 23 stocks were seen trading in the green mark and 27 stocks in the red mark.
The Bombay Stock Exchange (BSE) Sensex started trading today with strong gains supported by strong global cues. The index opened today at a level of 60,350.01 points with a gain of 417.77 points. As soon as the trading started, there was a strong tussle between the buyers and sellers in the market, in which earlier the selling pressure was seen increasing. Due to this, the Sensex fell to the level of 60,143.91 points.
After the initial half an hour of trading, the buying force increased in the market, due to which the Sensex took the path of speed. With the support of buying, this index jumped to 7,414.18 points around 10 am. However, due to the selling that followed, it also saw a slight decline. The Sensex was trading at a level of 60,352.59 points with a gain of 420.35 points at 10:15 am after the initial 1-hour trading amid continuous buying and selling in the market.
Like the Sensex, the Nifty of the National Stock Exchange (NSE) also started trading with gains today. The index opened at a level of 17,721.75 points with a strength of 111.35 points. As soon as the trading started, Nifty started declining due to selling pressure in Adani Group shares. However, in between, the buyers kept trying to support the market. Despite this, the Nifty fell to a level of 17,642.75 in the first half-hour of trading.
After this, the buyers pushed it to the level of 17,728.45 points by applying buying force. But after that again under the pressure of selling, the situation of decline in this index started appearing. The Nifty was trading at a level of 17,686.10 points with a gain of 75.70 points at 10:15 am after the initial 1-hour trading between continuous buying and selling in the market.
The domestic stock market also made a strong start in the pre-opening session today amid strong global cues. In this session, the BSE Sensex was up by 282.38 points, or 0.47 percent, at the level of 60,214.62 points. At the same time, the Nifty had reached the level of 17,818.30 points with a gain of 207.90 points, or 1.18 percent, in the pre-opening session.
Prior to this, on the previous trading day i.e. Thursday, the Sensex closed at a level of 59,932.24 points with a gain of 224.16 points, or 0.38 percent. On the other hand, the Nifty ended Thursday’s trading at 17,610.40 points, down 5.90 points, or 0.03 percent.
