Today, on the second trading day of the week i.e. Tuesday, the stock market closed on the green mark after the day’s ups and downs. The Bombay Stock Exchange’s flagship index Sensex gained 0.99 per cent to close at 4500.67 points, up 452.73 points. At the same time, the National Stock Exchange’s Nifty gained 1.03 percent (137.90 points) to close at 13,466.30.
The BSE Standard Index had gained 861.68 points, or 1.86 per cent, in the previous week. Investors started earning profits on the previous trading day. Hence the Sensex-Nifty strike. However, the entire loss in 2020 has made up for it. It closed at 41,306.02 on January 1, 2020, but according to analysts, further market volatility will continue. Hence investors should be cautious.
Talking about the big stocks, today the shares of Adani Ports, HCL Tech, Tech Mahindra, Infosys and GAIL closed on the green mark. On the other hand, shares of Kotak Bank, HDFC, Bajaj Finance, UltraTech Cement and IndusInd Bank closed at the red mark.
If we look at the sectoral index, then all the sectors closed on the green mark today. These include pharma, IT, FMCG, finance services, realty, private banks, banks, PSU banks, media, auto and metal.
In the absence of any major activities in the domestic stock market, global developments this week, especially financial stimulus in the US and news related to Kovid-19 vaccine, will give direction to the market. According to analysts, there may also be profit-booking in the domestic market during the week of low trading days due to the holiday. On Christmas, the stock market and financial markets will remain closed on Friday. Investors will also be looking at the investment model of foreign portfolio investors (FPIs). FPI investment has been a major reason for the market boom.
Today the stock market returned to awe and it opened on the green mark. The Sensex gained 166.03 points (0.36 per cent) to open at the level of 45719.99. The Nifty was up 0.38 percent (51.10 points) at 13379.50 level.
There was a stock market crash on Monday. Globally, lockdown and corona cases in some countries also had an impact on the market and closed down. The Sensex was down 1406.73 points to close at 45553.96, down 3.00 percent. At the same time, the Nifty lost 3.14 percent (432.15 points) to close at the level of 13328.40.