The stock market rebounded and closed on the green mark

Today, on the second trading day of the week i.e. Tuesday, the stock market rebounded and closed on the green mark. After the day’s ups and downs, the Bombay Stock Exchange’s major index Sensex gained 0.50 percent to close at 245.79 points at 49517.11. At the same time, the National Stock Exchange’s Nifty rose 78.70 points (0.54 percent) to close at the level of 14563.45. This is a record level for the Sensex and the Nifty to close. Last week, the Sensex gained 913.53 points or 1.90 percent, while the Nifty gained 328.75 points or 2.34 percent.

Shares of social media and other tech companies fell sharply due to violence by supporters of President Donald Trump at the Capitol Building (Parliament House) in the US on Monday. Following the incident, Twitter announced the permanent closure of Trump’s Twitter account, which has 89 million followers. Twitter shares closed down 6.4 percent following this announcement. Twitter had feared that the US President might incite further violence. Shares of Apple, Amazon, Alphabet also fell more than two percent on Monday.

Talking about big stocks, today the shares of Tata Motors, GAIL, Bharti Airtel, SBI and Coal India closed on the green mark. Asian Paints, Titan, Nestle India, Hindustan Unilever and Sun Pharma closed at the red mark.

The stock market rebounded and closed on the green mark
The stock market rebounded and closed on the green mark

If we look at sectoral indices other than FMCG, IT and pharma, all sectors closed on the green mark. These include banks, media, private banks, metals, PSU banks, realty, finance services and autos. Analysts predict that the move of the domestic stock market will be decided by the announcement of inflation and other economic data this week and the quarterly results of the companies as well as the global trend. The Indian stock market closed almost at a new record high last week on positive global outlook, news related to Covid-19 vaccine and hopes of economic revival. This is the trend in the market for the last few weeks. Quarterly results of companies like Infosys, Wipro and HCL Technologies Ltd are to be released this week.

The year 2020 was a major development for the stock markets. In March 2020, the Corona virus epidemic affected India. The corona virus also did not leave the stock market untouched. The domestic market fluctuated. While there was a stir in the stock market in March, at the end of the year, the Sensex-Nifty recorded a complete loss in 2020.

The Sensex opened 101.75 points (0.21 percent) down at 49,167.57 in early trade today. The Nifty lost 26.80 points (0.19 percent) to open at 14,458. The Sensex reached a new peak of 49000 in the previous trading session. The stock market closed on the green mark on Monday. After the day’s ups and downs, the Sensex rose 486.81 points to close at 49269.32. The Nifty gained 137.50 points (0.96 percent) to end at 14484.75.