Benchmark Sensex rallied 1,436 points to close at a two-week high on Thursday on buying in financial, auto and IT shares, extending gains to the second day of the New Year.
The Indian stock market is a platform where shares of publicly listed companies are bought and sold, enabling investors to trade in equity, bonds, derivatives, and other securities. It serves as a crucial barometer of the Indian economy, reflecting the financial health of industries and businesses.
In the early trade, the 30-share BSE Sensex climbed 31 points to 80,250. Meanwhile, the Nifty was also up by 2 points to 24,250.
On Wednesday, the Indian stock markets showed a mixed performance, with the BSE Sensex and NSE Nifty both starting the day cautiously.
In the early trade, the 30-share BSE Sensex climbed 306.05 points to 80415.90. Meanwhile, the Nifty was also up by 100.55 points to 24,322.45.
Stock markets update: In the early trade, the 30-share BSE Sensex climbed 1287.45 points to 80,404.56. Meanwhile, the Nifty was also up by 408.5 points to 24,315.75.
Margin Trading Funding (MTF) allows investors in India’s share market to buy more stocks by borrowing funds, maximizing trading opportunities. A Demat account is essential for margin trading, as it holds the purchased stocks as collateral and facilitates secure, simple transactions.
In the opening bell on Friday, the 30-share BSE Sensex registered a marginal gain of 26 points to 85,877. Meanwhile, the Nifty was up by 7.85 points to 26,223.
For the first time at closing, Sensex crossed 83,000. It is for the second consecutive day that the Sensex has hit a record high. Meanwhile Nifty also touched an all-time high on Tuesday
In the early trade, the 30-share BSE Sensex climbed 264.85 points to 82,617.49. Meanwhile, the Nifty was also up by 76.75 points to 25,275.45 points.
Despite the strong rally seen in the previous session, the market faced pressure as traders reacted to uncertain external factors, leading to a volatile start to the trading day.
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.
The markets witnessed significant volatility, reflecting investor caution after a series of record-setting sessions. Analysts attribute the downturn to profit booking and global economic uncertainties impacting investor sentiment.
In the previous trading session on Tuesday, the BSE benchmark had declined by 52 points to settle at 73,953, whereas the Nifty50 had closed higher by 27 points at 22,529.
The 30-share BSE Sensex climbed 384.79 points to 74,052.75 in early trade. Meanwhile, the Nifty advanced 111.05 points to 22,446.75.
Paytm business news: Vijay Shekhar Sharma has stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited and the board of the bank has been reconstituted, a filing said on Monday, adding PPBL will commence the process of appointing a new chairman.
Market update news: European markets were trading marginally lower. The US markets ended in the green on Wednesday (December 27). Global oil benchmark Brent crude declined 0.73 per cent to USD 79.07 a barrel.
The early trading session showcased remarkable momentum in banking stocks, with notable gains in stocks like Tech Mahindra, Axis Bank, HDFC Bank, SBI, and others contributing to the impressive surge.
Tata Technology IPO received 69.43 times subscription, with the quota reserved for qualified institutional buyers (QIBs) getting booked a record 203.41 times.
A passive fund is an investment instrument that simulates the performance of a market index or a specific market segment.
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