Share Market: Greenery in the market on the first day of the week, Nifty-Sensex opened with gains; Sharp rise in bank stocks

Share Market Opening Bell: Today, Monday, July 6, the first trading day of the week, signs of bullishness are being seen in the Indian stock market. Where both the major market indices Sensex and Nifty opened for trading in the green. At the beginning of trade, BSE Sensex was seen trading at 78,077.23 with a rise of 313.32 points or 0.40 percent. At the same time, NSE Nifty is trading at 24,353.05, up 82.20 points or 0.34 percent. The market rise was led by bank stocks. Where the shares of banks are seeing a rise.

During early trading on Monday, the midcap index is trading with a rise, while the smallcap index is trading with a slight decline. At the same time, there is a slight increase in large cap shares. BSE India Defiant Index is up by more than 100 points. Auto index is trading in the green with a slight rise. The bank index remains the highest.

Today’s top 5 gainers

• BEL- Indian Electronics Limited
• HDFCBANK- HDFC Bank
• AXISBANK- Axis Bank
• ICICIBANK- ICICI Bank
• BHARTIARTL- Bharti Airtel

Today’s top 5 losers

• KOTAKBANK- Kotak Bank
• BAJAJFINSV- Bajaj Finserv
• TCS- TCS
• POWERGRID- POWERGRID
• ITC- ITC

Highest rise in realty index

Talking about sectoral index, the maximum increase of about 8 percent was seen in realty. Along with this, good growth was also recorded in indices like Healthcare, Consumer Durables and FMCG. The maximum decline of -2.7 percent has been recorded in capital goods. Apart from this, there was also a decline in Power and Oil and Gas indices.

Condition of other stock markets of the world

Mixed business is being seen in other stock markets of the world. Tokyo, Seoul and Jakarta were in the red. Shanghai and Hong Kong were in the green. US stock markets were closed for Friday’s session due to national holiday. foreign institutional investors (FIIs) were net buyers in Friday’s session. During this period he purchased shares worth Rs 1,355.33 crore. At the same time, domestic institutional investors (DIIs) sold shares worth Rs 1,953.89 crore.

Additionally, weakness is being seen in crude oil. Benchmark Brent crude was at $71.74 per barrel with a weakness of half per cent and WTI crude was at $68.45 per barrel with a weakness of 0.35 per cent.

Also read: Gold-Silver Rate: Gold became cheaper from Mumbai, Nagpur to Delhi, silver also declined; See the latest price of your city

Expert opinion regarding Nifty

Nagaraj Shetty, Technical Research Analyst, HDFC Securities, said that Nifty has crossed the critical resistance of 24200. Nifty has definitely crossed this hurdle but there seems to be a lack of strength. The market momentum is positive. On technical basis, immediate support of Nifty is at 24050 while resistance is seen at 24600.