Sensex opens green, climbs 243 points, Nifty above 24,600
August 19, 2024 10:12 ISTAfter following global sentiments last week, the Indian stock market incidence gained in the opening session. Meanwhile, Asian markets showed mixed responses.
After following global sentiments last week, the Indian stock market incidence gained in the opening session. Meanwhile, Asian markets showed mixed responses.
The early gains indicate continued momentum in the markets, with both major indices showing strong upward trends as trading progresses.
Tata Motors led the gains among Sensex stocks, while broader markets showed mixed performance. Positive sentiment was fueled by lower-than-expected US inflation data, which boosted global indices.
The benchmark indices opened slightly lower on Tuesday. The BSE Sensex was down 42 points, trading at 79,607, while the NSE Nifty50 dropped 10 points to 24,337 in early trading. The market sentiment was dampened by a 2% fall in HDFC Bank shares, contributing to the overall decline.
The stock market opened with a strong bullish trend on Friday, with the Sensex rising by 800 points and the Nifty crossing the 24,350 mark. IT stocks led the gains, and broader markets also showed significant strength.
The Sensex opened in positive territory today, currently up by 963.48 points, or 1.22%, trading at 79,722.88. The market's robust performance reflects investor confidence, with significant gains across multiple sectors contributing to the upward momentum.
The Nifty rose by 59.75 points to reach a new all-time high of 25,010.90, while the Sensex climbed 126.21 points to close at a record high of 81,867.55.
The Sensex rebounded by 1,293 points, and the Nifty surged nearly 2% to a record high, ending a five-day losing streak. Heavy value buying at lower levels and a rally in blue-chip stocks, particularly Reliance Industries, drove the recovery.
Benchmark indices Sensex and Nifty experienced volatile trading on Tuesday following the Union Budget 2024-25 announcement. The BSE Sensex closed down by 73.04 points at 80,429.04 after recovering most of its 1,200-point intra-day loss.
After a four-day streak of record highs, India's equity benchmark indices, Sensex and Nifty, fell sharply on Friday due to profit-taking and weak global market trends. Major blue-chip stocks, including Reliance Industries, contributed to the decline.
Stock markets continued their record run for the fourth day on Thursday, with the BSE Sensex breaching 81,000 for the first time and the NSE Nifty reaching a new peak at 24,800. Strong performances by IT, oil & gas, and FMCG shares fueled this surge.
Sensex and Nifty closed at new record highs on Tuesday, driven by a series of positive economic factors and strong institutional buying. Sectoral performance was mixed, with Nifty Realty leading gains and Nifty Media seeing the largest decline.
The BSE Sensex and NSE Nifty reached new record highs on Monday, with the Sensex closing at 80,665 points and the Nifty finishing at 24,587 points. Key sectoral gains and strong performances by individual stocks drove the indices upward.
The benchmark BSE Sensex jumped 622 points, or 0.78%, to reach an unprecedented 80,519.34. The NSE Nifty rose by 186.20 points, or 0.77%, closing at a historic 24,502.15.
Benchmark indices Sensex and Nifty closed slightly lower on Thursday due to profit-taking in heavyweight stocks ahead of the announcement of key financial results for the June quarter. The indices saw a rangebound session, with both experiencing early highs before retreating.
The BSE Sensex and NSE Nifty reached new all-time highs on Tuesday, driven by strong performances in the auto and FMCG sectors. The Sensex closed at 80,351.64, up 391.26 points, while the Nifty climbed 112.65 points to settle at 24,433.20.
The top five gainers on the Nifty50 were Tata Motors, HCLTech, ICICI Bank, Sun Pharma, and TCS. Conversely, the top losers were HDFC Bank, Bajaj Finance, Adani Enterprises, Wipro, and Tech Mahindra.
The BSE Sensex breached the 80,000-mark for the first time on Wednesday, reaching an all-time high of 80,074 before closing at 79,987, up by 545 points. The NSE Nifty50 also hit a new peak of 24,307, settling 163 points higher at 24,287.
Despite the overall positive trend, 11 of the 30 Sensex shares traded down, with notable losers including UltraTech Cements, Adani Ports, IndusInd Bank, Maruti, and Axis Bank. The market remains robust, but elevated valuations and a weak broader market trend suggest caution.
Benchmark indices experienced a downturn in early trade on Thursday due to weak trends in Asian markets and foreign fund outflows. The BSE Sensex declined by 149.41 points after hitting a new all-time high, while the Nifty dipped by 47.45 points.
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