Mumbai, 19 February. The Indian stock market opened with a rise in Thursday’s trading session. At 9:23 am, Sensex was at 83,861, up 114 points or 0.14 per cent and Nifty was at 25,859, up 39 points or 0.15 per cent. In the initial business, IT shares were handling the stock market. Due to this, Nifty IT was the top gainer among the indices with a gain of more than one percent. Nifty Metal, Nifty Auto, Nifty Commodities, Nifty India Defence, Nifty Pharma, Nifty Energy, Nifty Healthcare and Nifty PSU Bank were also trading in the green.
On the other hand, Nifty Private Bank, Nifty Realty, Nifty Consumer Durables, Nifty Media and Nifty FMCG were in the red. Along with largecaps, midcaps and smallcaps were also trading with slight rise. The Nifty Smallcap 100 index was up 16 points at 17,255 and the Nifty Midcap 100 index was at 60,199, up marginally by 11 points. HCL Tech, Tech Mahindra, TCS, Infosys, Maruti Suzuki, Tata Steel, NTPC, HUL and Bharti Airtel were the gainers in the Sensex pack. Indigo, Asian Paints, ITC, Kotak Mahindra Bank, Bajaj Finance, Axis Bank, BEL, Trent and Bajaj Finserv were the losers.
Asian markets remain bullish. Tokyo, Bangkok, Seoul and Jakarta were in the green. The markets of Hong Kong, Taipei and Shanghai are closed. The American stock market closed in the green on Wednesday. Trading was going on at a brisk pace in the commodity market. Till the time of writing the news, WTI crude is up by 0.51 percent at $ 65.35 an ounce and Brent crude is up by 0.36 percent at $ 70.60.
On the other hand, silver is also seeing a slight rise and is up by 0.64 percent at $ 78 per ounce, while gold is at $ 5,002 per ounce with a weakness of 0.15 percent. Experts are considering the increase in the conflict between America and Iran as the reason for the rise in the commodity market. Apart from this, the Fed’s stance has also encouraged buying in the commodity market.
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