The Indian Stock Exchange started trading in the green zone on Thursday, the fourth day of the week, after a huge two-day decline. The 30-share Sensex of the Bombay Stock Exchange opened at 77,881 level compared to its previous close of 77,690.95, while the Nifty of the National Stock Exchange crossed 23,600. Meanwhile, 19 of the 30 BSE stocks traded with gains. Among them, the biggest rises occurred in the shares of HCL Tech and NTPC.
The market recovered from Wednesday’s decline
On Thursday, operations in the stock market began at a good pace. Sensex rose to the level of 77,945.45, while the Nifty index rose to the level of 23,645.30 after the open. Earlier on Wednesday there was chaos in the stock market. BSE Sensex fell 984.23 points or 1.25 per cent and closed at 77,690 level. On the other hand, the NSE Nifty also started trading with a decline and like the Sensex, the speed of its decline increased such that it fell by 324.40 points or 1.36 percent and closed at the level of 23,559.05.
1677 shares opened with profits
Amid the stock market rally, shares of about 1,677 companies opened at the green mark with a rise, while 701 shares opened at the red mark with a fall. There were 122 stocks in which no change was observed. The biggest losers on Nifty were Eicher Motors, M&M, Tata Steel, Adani Enterprises, HCL Tech, HDFC Bank, while shares of Power Grid Corp, UltraTech Cements, BPCL, Bharti Airtel and NTPC were lost in early trade.
These 10 stocks rose the most
Among the stocks that rose the most amid the initial stock market rally, Eicher Motors Ltd stock took the top spot. Until the time of writing the news, it was trading at Rs 4,923.20 with an increase of 7.60 percent. Apart from this, HCL Tech Share was trading with a gain of 1.53%, while HDFC Bank Share was trading with a gain of 1.17%.
Suzlon stock included in the mid-cap category was trading up 4.99%, LindeIndia stock up 2.74%, Paytm stock up 3.06% and Godrej India stock up 2.21 %. If we look at the midcap category, Bancoin India Share was trading up 16.49%, DCAL Share up 14.90% and Midhani Share up 9.25%.
(Note: Before making any kind of investment in the stock market, definitely consult your market experts.)
