Stock market boom: After a negative trend in the morning session, the stock market has made a comeback in the afternoon session. After registering a gain of 488 points in the morning session, the Sensex is on the rise since the afternoon trading session. At 2.33 am it was trading at 82215 points, up 1255.42 points. Nifty also jumped 344.65 points and was trading at 24812.10.
230 shares at new high of the year
Today on BSE, 230 stocks have reached year’s highest level and 11 stocks have reached year’s lowest level. There was upper circuit in 385 shares and lower circuit in 197 shares. The market has been supported by FII investment for three consecutive days. Demand for IT and technology shares has increased. In the Sensex pack, all the stocks except NTPC were on the rise.
Market experts are concluding that today the market opened in negative territory in the morning due to the settlement of Nifty F&O expiry in the stock market. On the other hand, there was more buying in shares also on the report of RBI keeping the interest rates unchanged for the 11th consecutive time in its monetary policy announcement yesterday. Shares of Infosys, TCS rose over 3 per cent to top the Sensex pack. At 2.36 am, Infosys was up by 3.05 percent, TCS was up by 2.96 percent, Titan was up by 2.98 percent, Bajaj Finance was up by 2.28 percent. HCL Tech also rose 2.18 percent.
Rise in IT-techno, banking stocks
IT and technology stocks witnessed attractive buying today amid speculations about F&O expiry settlement and positive impact on the sector after Trump’s inauguration. IT index is trading at 1.45 percent and technology index at 1.44 percent. Buying in banking shares has also increased. Bankex rose 0.73 percent.
Volatility increased in realty stocks
Realty stocks have been on a rise for the last several weeks. So now profit booking has started in this. Due to this, volatility in shares has increased. Today the realty index is trading down 0.49 percent. The power index was trading down 0.16 percent.
