Stock Market Opening Bell Today: Sensex, Nifty rise on strong global cues; IndusInd Bank, Sobha stock rise

Stock Market Opening Bell Today: On account of strong glo9bal cues after Donald Trump came back to White House after Coronavirus treatment, Indian indices opened in the green zone in opening bell today. The BSE Sensex surged 264 points and hit  39,238 mark while the 50-stocks NSE Nifty soard 82 points and touched 11,585 levels. Bank Nifty index escaalated 220 points and hit 22,591 mark in the opening bell trade session.

Speaking on the current market trends SEBI registered technical equity analyst Simi Bhaumik said, "Overall the market is bullish. It has opened above 11,550 and if it sustains above this level for an hour then we can expect NSE Nifty to surge up to 11,700 levels." She said taht banking, auto, pharma and IT stocks will continue to lead the bull run in coming trade sessions.

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Shares of Tata Motors, HDFC, UPL, Titan Company, Hindalco Industries, Divi's Lab, Sobha, Maruti Suzuki India, HDFC  Bank, ONGC and IndusInd Bank were among the leading gainers in the opening bell trade session while shares of Narayana Hrudayalaya, Trident, Phoenix Mills, Wipro, Mahindra CIE Auto, Suzlon Energy and Indian Energy Exchange or IEX were among the leading losers in the early morning trade session.

Auto stocks led the bull run on Dalal Street as the BSE Auto index shot up to the tune of 1.46 per cent in the opening bell today. Auto major Tata Motors share price surged 5.38 per cent, Mahindra & Mahindra shares went up 2.11 per cent, Maruti Suzuki India Ltd or MSIL share added 1.53 per cent, shares of Motherson Sumi Systems went up 1.85 per cent while Ashok Leyland stocks added 1.33 per cent.

In banking sector, IndusInd Bank share price soard 1.65 per cent, Bandhan Bank shares went up 2.10 per cent, HDFC Bank share rose 1.46 per cent while ICICI Bank stock price went up around 1.1 per cent.

Among the major Asian indices, the Japanese Nikkei 225 index shot up 0.43 per cent, Kospi added 0.54 per cent while Hang Seng shot up 0.69 per cent.

At Wall Street yesterday, Dow Jones skyrocketed 1.68 per cent, Nasdaq soard 2.32 per cent, S&P 500 jumped 1.80 per cent while Small Cap 2000 surged 2.70 per cent.