Stock Market Opening, Sensex Opens With Slight Gains, Nifty Also Showing Upper Levels

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Stock Market Opening: After yesterday’s heavy fall, there is some relief in the stock market today. BSE’s 30-share index Sensex is trading at 56,242.93, with a gain of 420.92 points, or 0.75 per cent. Trading on NSE’s Nifty opened at 16773.15 with a gain of about 150 points.

How is the move of Nifty?
In today’s trade, 49 out of 50 Nifty stocks are trading with momentum and only one Cipla share is registering a slight decline. Bank Nifty is seeing a rise of 500 points and it has climbed 509 points to near 34950.

Look at Sectoral Index
If we look at the sector wise market, Nifty’s metal, PSU bank, realty and consumer durables are trading between 2.25 per cent to 2 per cent and along with this IT stocks are also trading with a jump of more than 1.5 per cent.

Know about the top gainers of Nifty
HCL Tech 2.60 per cent, Titan 2.53 per cent and Tech Mahindra 2.46 per cent are trading with a jump and apart from these Tata Steel 2.43 per cent and ICICI Bank are seen trading up 2.32 per cent.

How is the condition of Asian markets?
If you look at the condition of Asian markets in today’s trade, then it looks better than yesterday. Japan’s Nikkei is up 2 percent and the Hang Seng is seeing a gain of 0.88 percent. Singapore’s Strait Times is up 0.63 per cent and the Taiwan Index is up 0.54 per cent. Korea’s Kospi is up 0.23 percent and China’s Shanghai Composite is trading with a gain of 0.18 percent.

The red mark of decline was seen in the US markets yesterday
Even though the global sentiments are looking better today, but tomorrow the US market was seen trading with sluggishness. The Dow Jones was down 1.23 per cent and the Nasdaq was down 1.24 per cent. Trading closed with a weakness of 1.14 percent in the S&P 500.

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