Stock Market Today: Indian stock market is trading in favor of reforms today due to buying in PSU, IT and realty sectors. After opening on correction, Sensex rose 838.81 points. Nifty also regained the level of 23400 and reached 23608.95. Ad. Group, on the other hand, has Rs. Shares fell for the second day today in the scam of Rs 2000 crore.
At 10.42 am, Nifty 50 was trading 190.30 points higher at 23540.20 while Sensex was trading 640.08 points higher at 77795.89. SBI was trading on top in the Sensex pack with a gain of 2.32 percent. While Ad. Ports was trading down by 1.59 per cent, Axis Bank by 0.52 per cent, HDFC Bank by 0.36 per cent, Mahindra & Mahindra by 0.08 per cent.
Investors’ capital increased by Rs 3 lakh crore
Out of total 3724 shares traded on BSE, 2255 shares were trading in favor of improvement and 1302 shares were trading in favor of decline. Apart from this, 229 shares reached upper circuit while 131 shares reached the peak of the year. However, 80 shares hit year’s low and 225 shares witnessed lower circuit. Investors’ capital increased by Rs 3 lakh crore.
Rise in IT shares
The IT index was trading with a rise of 1.50 per cent or 624.88 points due to increase in volume in shares of Infosys, TCS, HCL Tech, Wipro. Realty index was trading with a gain of 1.86 per cent and PSU with a gain of 1.13 per cent.
Ad. shares continue to fall even today
Shares fell after Gautam Ad.’s Green Energy was accused of bribery and fraud in the US. After falling by 20 per cent yesterday, shares of Ad. Energy and Ad. Green fell by 6 per cent today. While ACC and Ambuja Cement were trading up by 2.68 percent, 3.10 percent respectively. Ad. Enterprises were trading down by 2.09 per cent, Ad. Ports by 1.43 per cent, Ad. Power by 1.10 per cent, Ad. Wilmar by 1.70 per cent.
