Share Market: The stock market has returned to its glory, the market opened with a green mark; IT shares took a long flight

Share Market Opening Bell 17th July: The Indian stock market opened with a rise in Friday’s trading session. At 9:16 am, Sensex was at 77,554, up 367 points or 0.48 per cent, and Nifty was at 24,163, up 90 points or 0.38 per cent. IT stocks were leading the rise in the stock market in early trade. Due to this, Nifty IT was the top gainer among the indices with a gain of 2 percent.

Nifty Auto, Nifty Services, Nifty Private Bank, Nifty Financial Services and Nifty Oil&Gas were also in the green. On the other hand, Nifty Pharma, Nifty Media, Nifty Healthcare, Nifty Metal, Nifty Realty and Nifty FMCG were in the red.

Today’s Top Gainers and Losers

Sensex pack includes Infosys, Tech Mahindra, TCS, HCL Tech, M&M, ICICI BankHUL, Maruti Suzuki, HDFC Bank, Tata Steel, Axis Bank, SBI, Indigo, Bajaj Finance and Asian Paints were the gainers. Eternal, Sun Pharma, ITC, Bajaj Finserv, NTPC, UltraTech Cement, Trent and Bharti Airtel were the losers.

Expert opinion regarding the market

Experts said that the trend of the market remaining within a limited range is likely to continue. This week the falling rupee has affected the market. The uptake of FCNR-B deposits by commercial banks has not been as expected due to high levels of US bond yields. Contrary to expectations, this trend has impacted the rupee, making it the worst performing currency in Asia this week and falling by more than one percent.

Condition of other markets of the world

Weakness is being seen in global markets. Tokyo, Shanghai, Hong Kong and Bangkok were in the red. Jakarta was in the green. The US stock market closed with a decline on Thursday, with Dow Jones down 0.20 per cent and Nasdaq down 1.47 per cent.

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Foreign investors are selling in the market

foreign institutional investors (FIIs) The selling trend continues and they sold Rs 4,205.56 crore in the equity market on Thursday. On the other hand, domestic institutional investors (DIIs) made purchases worth Rs 2,986.41 crore.