Stock Markets Opening Bell - BSE Sensex jumps over 300 points on opening, Nifty near 15900 levels; Know top gainers, losers
The Indian markets opened in the green with frontline indices up between 0.5-0.6 per cent amid strong global cues as US Fed Reserve Powell reassuring quick recovery in inflation and economy.
The Indian markets opened in the green with frontline indices up between 0.5-0.6 per cent amid strong global cues as US Fed Reserve Powell reassuring quick recovery in inflation and economy.
BSE Sensex jumped by 301.39 points or 0.57 per cent higher to 52890.10 level, while Nifty grew by 90 points or 0.57 per cent to 15862.80 levels at open during Wednesday’s trade.
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Other important indices such as Nifty Bank soared 166.8 points or 0.48 per cent to 34911.8 levels, while the Mid-cap Index grew by 181.10 points or 0.68 per cent to the 26193.90 mark.
Of 50 scrips on the Nifty50, 42 advanced and eight declined minutes after the market open today. Hero MotoCorp grew most on the index by around one and a half per cent at open amid price hike news, followed by Tata Motors and IndusInd Bank each surging beyond one per cent.
While ONGC and Reliance Industries grew marginally by around 0.3 per cent during the start of Wednesday’s trade. On the other hand, Shree Cement, Tech Mahindra and UltraTech Cement each fell by over half a per cent during the early morning trade on Wednesday.
Except for Nifty Pharma, all the sectoral indices were trading in the green at the time of filing of the story, with Nifty Metal and Nifty IT surging most among their peers by over 0.5 per cent in the early morning trade today.
On the global front, US stocks on Tuesday rose as Federal Reserve Chairman Powell reiterates inflation in transitory and reassures the market no change in policy till growth numbers stabilise.
While Asian markets opened in the green led by the Japanese Nikkei which after the debacle of over 1000 points sell-off on Friday seemed to recoup all the losses by today.
Similarly, another important trigger, Foreign Institutional Investors sold shares worth Rs 1027.94 crores in cash and bought Rs 302.45 crores in index futures.
The Nifty had a very volatile session in which the Sensex hit fresh new all-time highs as it hit a big milestone of 53000 intraday on Tuesday.
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