Mumbai, 25 February. The Indian stock market opened with gains in Wednesday’s trading session due to strong global cues. At 9:20 am, Sensex was at 82,751, up 478 points or 0.58 per cent, and Nifty was at 25,570, up 147 points or 0.58 per cent. IT shares were doing the job of boosting the market in the initial business. Nifty was the top gainer among IT indices. At the same time, almost all the indices including Nifty Metal, Nifty Realty, Nifty Oil&Gas, Nifty PSE, Nifty Commodities, Nifty Services, Nifty Media, Nifty India Defense and Nifty Energy were in the green.
Along with large caps, midcaps and smallcaps remain bullish. The Nifty Midcap 100 index was up 235 points or 0.43 per cent at 59,307 and the Nifty Smallcap 100 index was at 17,058, up 98 points or 0.59 per cent. Tech Mahindra, HCL Tech, TCS, Power Grid, Indigo, Tata Steel, NTPC, L&T, Sun Pharma, Adani Ports, Bharti Airtel, ICICI Bank and BEL were the gainers in the Sensex pack. SBI, Bajaj Finance and Asian Paints were the losers. The market trend also remains positive.
The number of rising shares is more than the falling shares. Most of the global markets are trading at a brisk pace. Shanghai, Tokyo, Hong Kong, Bangkok, Jakarta and Seoul were in the green. American stock markets closed in the green on Tuesday. According to market experts, the reason for the rise in the stock market is less selling by FIIs.
Foreign institutional investors (FIIs) had sold only Rs 102.53 crore on Tuesday. At the same time, domestic institutional investors (DIIs) had purchased Rs 3,161.22 crore. There is a rise in gold and silver. Till the time of writing the news, gold was up by 0.44 percent at $ 5,199 an ounce and silver was up by more than two percent at $ 89 an ounce.
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