After the steady rise of the last few trading sessions, today the market opened flat. In the morning Sensex is trading down 15 points at 60285 while Nifty is trading up 8 points at 17805. At present, 23 stocks are showing a rise in the Nifty 50 while 27 stocks are seeing a decline. Shares of Bajaj Finance, SBI Life, Bajaj Finserv, BPCL and UPL are seeing a boom. On the other hand, the shares of HDFC Life, ONGC, Hindalco, Dr Reddy and TCS are seeing a decline.
2646 stocks are being traded in BSE today. There is a rise in 1750 shares while there is a decline in 798 shares. No change is visible in 98 stocks. 67 stocks are at their 52-week high while 14 stocks, on the contrary, have reached their 52-week low. Upper circuit has been installed in 82 stocks and lower circuit is visible in 49 stocks.
Bajaj Finance, Kotak Bank, Bajaj Finserv, ITC, IndusInd Bank, Reliance, L&T are showing a rise in BSE while HCL, Tech Mahindra, SunPharma, Infosys are showing a decline.
After some time in the morning business, both the indices started trading from red mark to green mark. The Sensex has risen 55 points to reach 60,356 while the Nifty is trading up 14 points at 17,828.
Let us tell you that due to strong buying in selected stocks in the local stock market on Wednesday, amid the trend of weakness in the global markets, the standard indices closed with gains for the third consecutive day in the week.
BSE’s 30-share index Sensex climbed 169.87 points, or 0.28 percent, to close at 60,300.58 points. At one time it had jumped up to 232.08 points during trading. The National Stock Exchange’s Nifty also gained 44.35 points, or 0.25 percent, to reach 17,813.60 points.
According to analysts, trading activity was upbeat on demand from large companies such as IndusInd Bank, Nestle India and HCL Technologies. However, the pace of growth was affected due to continued foreign capital outflows and weak global cues.
Among the companies included in the Sensex, POWERGRID registered the highest gain of 2.59 percent. Along with this, shares of IndusInd Bank, Larsen & Toubro, Nestle, HCL Tech, Axis Bank, Tata Motors, HDFC Bank, Tata Consultancy Services and HDFC were also rising. On the other hand, shares of Bajaj Finserv, NTPC, Reliance Industries and Kotak Mahindra Bank declined up to 0.84 per cent.