indian Stock Market opened higher today..!?
In the opening session of today's trading session, the BSE Sensex rose 29.56 points to 75,330.82 and the National Stock Exchange (NSE) Nifty rose 19.70 points to 22,854.00. indian stock markets opened higher on Wednesday, buoyed by gains in global markets. The continued rise in US indices was the main reason for the rise. This increased investor confidence in international markets. At the start of today's trading session, the BSE Sensex rose 29.56 points to 75,330.82, while the National Stock Exchange (NSE) Nifty rose 19.70 points to 22,854.00.
In today's trade, shares of 1767 companies rose, while 523 stocks fell and 117 stocks remained unchanged. On the NSE, Tata Steel, JSW Steel, Bajaj Finserv, SBI, and Bharti airtel were the top gainers, while TCS, HCL Technologies, Tech Mahindra, Cipla and Trend were the losers. On Tuesday, both the indices witnessed strong gains, which gave investors confidence. According to market experts, investor sentiment in indian markets remained upbeat as major global markets traded positively amid US trade tariffs and other global uncertainties. According to market analysts, factors such as fiscal spending stimulus, easing financial conditions, and improved economic and corporate earnings outlook are supporting the markets.
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"In India, reasonable valuations, fiscal stimulus, easing of financial conditions by the RBI, and improved economic and corporate earnings outlook along with Fed inflows are a strong boost to the stock market," said banking and market expert ajay Pakka. Pakka said US Fed concerns could lead to some profit-taking in the latter part of the trading day. He said indian markets need to sustain themselves above key levels for several sessions for the recovery to be firm. "For Nifty, open data shows strong resistance at 23,000 and 23,400 levels, while support is seen at 22,300. Nifty formed a bearish candle, breaking the crucial 22,700-22,800 resistance zone. The short-term trend is positive, expected to move towards 23,100-23,200. Immediate support lies at 22,700," said varun Agarwal, MD, Profit Idea.
On Tuesday, both the indices witnessed strong gains. The Sensex closed 1,131.31 points, or 1.53 percent, higher at 75,301.26, a one-month high. The Nifty50 rose 325.55 points, or 1.45 percent, to settle at 22,834.30.
In the opening session of today's trading session, the BSE Sensex rose 29.56 points to 75,330.82 and the National Stock Exchange (NSE) Nifty rose 19.70 points to 22,854.00. indian stock markets opened higher on Wednesday, buoyed by gains in global markets. The continued rise in US indices was the main reason for the rise. This increased investor confidence in international markets. At the start of today's trading session, the BSE Sensex rose 29.56 points to 75,330.82, while the National Stock Exchange (NSE) Nifty rose 19.70 points to 22,854.00.
In today's trade, shares of 1767 companies rose, while 523 stocks fell and 117 stocks remained unchanged. On the NSE, Tata Steel, JSW Steel, Bajaj Finserv, SBI, and Bharti airtel were the top gainers, while TCS, HCL Technologies, Tech Mahindra, Cipla and Trend were the losers. On Tuesday, both the indices witnessed strong gains, which gave investors confidence. According to market experts, investor sentiment in indian markets remained upbeat as major global markets traded positively amid US trade tariffs and other global uncertainties. According to market analysts, factors such as fiscal spending stimulus, easing financial conditions, and improved economic and corporate earnings outlook are supporting the markets.
"In India, reasonable valuations, fiscal stimulus, easing of financial conditions by the RBI, and improved economic and corporate earnings outlook along with Fed inflows are a strong boost to the stock market," said banking and market expert ajay Pakka. Pakka said US Fed concerns could lead to some profit-taking in the latter part of the trading day. He said indian markets need to sustain themselves above key levels for several sessions for the recovery to be firm. "For Nifty, open data shows strong resistance at 23,000 and 23,400 levels, while support is seen at 22,300. Nifty formed a bearish candle, breaking the crucial 22,700-22,800 resistance zone. The short-term trend is positive, expected to move towards 23,100-23,200. Immediate support lies at 22,700," said varun Agarwal, MD, Profit Idea.On Tuesday, both the indices witnessed strong gains. The Sensex closed 1,131.31 points, or 1.53 percent, higher at 75,301.26, a one-month high. The Nifty50 rose 325.55 points, or 1.45 percent, to settle at 22,834.30.
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