The stock market’s downward trend of recent days appeared to stop on Tuesday, the second trading day of the week. The 30-share Sensex of the Bombay Stock Exchange opened with a sharp rise and within a few minutes it rose 828 points and crossed 78,000. At the same time, the National Stock Exchange’s Nifty was also trading up by 249 points. Earlier on Monday, the previous trading day had closed in the red with Sensex-Nifty falling. Amid the market boom, stocks ranging from NTPC to Tata Motors were seen running amok.
Stormy rise in Sensex-Nifty
On Tuesday, the BSE Sensex opened at 77,548 level, gaining nearly 200 points from its previous close of 77,339.01. After this, within a few minutes it gained strong momentum and was seen trading at the level of 78,108.58 with a jump of 769.52 points. Like Sensex, the NSE Nifty index also performed at a rapid pace. NSE Nifty started trading at the level of 23,529.55, compared to its previous close of 23,453.80 and then increased its pace, it was seen trading at 23,690 with a jump of 237.05 points. The rise of both the indices continued to increase and Sensex rose by 828 points, while Nifty rose by 249 points.
The market was broken on Monday.
Early Monday, the stock market had closed down from the previous day. However, both the indices had started trading in an uptrend at the green mark, but within a few minutes, their momentum slowed down and after the market close, Sensex-Nifty closed at the red mark with a decline. BSE Sensex fell by 241.30 points and closed at 77,339.01 level. While NSE Nifty fell by 78.90 points and closed at the level of 23,453.80.
Strong rise of 1,789 shares
Amid the stock market boom, shares of 1,789 companies began trading in the green zone with a rise on Tuesday, while shares of 587 companies opened with a fall. There were 94 companies in which no change in the position of their shares was observed. Shares of Tata Group companies Trent, BPCL, Infosys, NTPC and Adani Ports were the biggest gainers on Nifty, while shares of Dr Reddy’s Labs, Shriram Finance, SBI Life Insurance, Asian Paints and JSW Steel traded at lowers it.
These stocks gained more
Till the time of writing this news, shares of 29 of the 30 companies on BSE were trading rapidly. If we talk about the stocks that gained the most momentum, the large caps included M&M Share (2.75%), Tata Motors Share (2.27%), Adani Ports (2.11%), TCS (1.80%). .
Zeel Share (6.23%), Suzlon Share (4.87%), Delhivery Share (3.74%) and Federal Bank Share (3.57%) fall under the mid-cap category, while Mazgaon Doch Share (3.48%) is trading higher, while among small caps. companies, PGEL Share gained the most momentum and jumped 10.94%.
(Note: Before making any type of investment in the stock market, definitely consult your market experts.)
