Stock Market Today: After seven consecutive days of decline, an attractive rise has been seen in the stock market today. Sensex has risen 966 points so far today due to buying at lower levels by investors. The index was trading more than 2 per cent higher as realty and technology stocks also gained momentum. Nifty traded up 265.30 points.
At 10.45 am Nifty was trading at 23712.75, up 258.95 points. According to experts, it is necessary to maintain the level of 23600 for Nifty to rise. Sensex was trading at 78261.60, up 922.59 points.
Smallcap index jumped 1000 points
The overall trend in sectoral indices is favorable for improvement. In which smallcap and midcap stocks, which were facing recession since last one week, have seen improvement today. BSE Smallcap index rose more than 1000 points. Realty, PSU, Consumer Durables, Energy, Power, Capital Goods, IT indices are trading with gains of more than 1.50 per cent.
market breadth positive
Due to Asian stock markets, there has been improvement in the local stock market. Out of 3791 shares traded on BSE today, 2870 were up and 782 were down. 267 shares hit upper circuit and 256 shares hit lower circuit. Even in the Sensex pack, only four out of 30 stocks are trading with a decline of 0.57 per cent. Whereas in the other 26 an increase of up to 3 percent has been recorded. Which indicates a cautious attitude with the market situation remaining positive.
What do the experts say?
According to market experts, the market will remain in correction mode with ups and downs in the next some time. The selling by foreign investors is not over yet. The market will remain volatile until Trump takes power and clarifies new policies. At present, foreign hedge fund managers are booking profits and making new investment strategies in the new year.
