Stock Market Today: After a gap of more than 4000 points last week, there has been an improvement in the stock market today. Sensex rose more than 700 points. Which was trading 773.48 points higher at 78815.07 points at 11.00 am. Nifty also managed to cross its technical level of 23800.
Attractive rise in banking-metal shares
There has been a tremendous rise in banking and metal shares in the Indian stock market today. HDFC Bank was trading up 1.60 per cent and Tata Steel was up 1.50 per cent. Realty and metal indices rose 2 percent. Jindal Steel, SAIL, JSW Steel, National Aluminum traded up up to 3 percent. The FMCG index had fallen 16 percent in the last three months. Which was seen today on recovery mode. In this morning’s session, shares including ITC, Nestle and Varun Beverages improved by 1 percent. Midcap indices are trading bullish and smallcap indices bearish. It is noteworthy that market experts have expressed apprehension that the selling trend by FIIs will continue due to Christmas holidays.
cautious approach in the market
The stock market has had a positive start in the last week of the year. Out of total 4003 shares traded on BSE, 1872 shares are trading in favor of improvement and 1900 shares are trading in favor of decline. In today’s morning session, 268 stocks hit upper circuit and 257 stocks hit lower circuit. 185 shares have reached the highest level of the year. But market expansion is still limited. Market volatility is high amid global challenges. Nifty Volatility Index was trading 9 per cent lower at 13.78 today.
