The stock market closed on the green mark on Tuesday, the second trading day of the week, as investors sentiment intensified due to positive domestic and global factors. This is the fifth consecutive trading session when the major stock indices closed on the Sensex and Nifty gains. The Bombay Stock Exchange’s flagship index Sensex gained 0.55 percent to close at 256.33 points at 47613.08. At the same time, the National Stock Exchange’s Nifty gained 0.43 percent (59.40 points) to close at the level of 13932.60.
Asian shares gained momentum after the much-awaited Corona Virus Relief Bill was approved in the US. The entire loss in the year 2020 has been recovered. It closed at 41,306.02 on January 1, 2020. But according to analysts, further market volatility will continue. Hence investors should be cautious.
Asian stock markets rose on Tuesday after US President Donald Trump approved a US $ 900 billion economic stimulus package, and Japan’s Nikkei 225 index reached its 30-year high. Earlier on Monday, the American stock market Wall Street also set a new record. The Nikkei 225 index rose 2.7 percent to 27,568.15 in Tokyo. Thus the index traded above 27,000 for the first time since August 1990. Nikkei reached its all-time high of 38,915.87 on 29 December 1989.
Talking about the big stocks, Axis Bank, HCL Tech, UPL, IndusInd Bank and ICICI Bank closed on the green mark today. The shares of Nestle India, Hindalco, Tata Motors, NTPC and Coal India closed at the red mark.
If we look at the sectoral index, today banks, finance services, IT, private banks and PSU banks closed on the green mark. Realty, media, pharma, auto and metal closed at the red mark.
Following the boom in the global markets, the major stock indices Sensex and Nifty were also seen on Monday. During this period, the BSE Sensex rose 361.93 points, or 0.77 per cent, to an all-time high of 47,335.47. On the other hand, the NSE Nifty climbed 110.55 points or 0.80 per cent to reach a new peak of 13,859.80.
Today the stock market was opened on the edge. The Sensex opened at a high of 47,579.05, up 225.30 points (0.48 per cent). At the same time, the Nifty opened 0.47 percent (65.80 points) above the level of 13,939.