A bullish trend has been seen in the stock market on the first day of the trading week. Even at 3.30 pm the stock market closed in the green. Sensex closed at 77,022 points with a gain of 454.92 points. While Nifty closed at 23,336 points with a gain of 133.65 points.
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The market remained bullish on the first day of the week. Sensex and Nifty managed to close with gains. Today buying was seen in midcap and smallcap shares. Buying was seen in banking, PSE, metal shares. While energy, oil and gas indices closed with gains.
Push in auto and IT sector
Along with big banks, strong action was seen in small government and NBFCS shares today. Shares of Bajaj Finance and Canfin Home rose more than 3 percent. Banks like IOB, Canara, UCO have also increased by 5 percent. However, some pressure is being seen in auto and IT.
What is Trump’s connection with the market?
Donald Trump is going to take oath as the US President for the second time on Monday evening, January 20. On November 6, when Trump won the US election, the Sensex surged 901.50 points to cross the 80,378 level, while the Nifty rose by over 270 points. Market experts believe that Trump’s coronation can prove to be a big change for the Indian markets. In such a situation, the time has come for investors to take cautious and prudent decisions.
