- How is the stock market today?
- There is a break in the decline and the market is booming
- Both Sensex and Nifty rose
Share Market Today: For the past few days in the stock market It was falling. Today, September 3, the market has finally recovered. The Sensex is trading at 76,866 points early up by 227 points. The Nifty is trading up 62 points at 24,006 points. Sector-wise, auto, FMCG and pharmaceutical sectors are witnessing sales growth. While buying is seen in financial services, public sector banks, private banks and metals sectors.
The public sector banks index rose more than 1% today. Bank of Maharashtra, Punjab and Sindh Bank and UCO Bank were among the top gainers. Meanwhile, the IT index fell by nearly 1%, with Tech Mahindra, Coforge and Persistent Systems among the top losers.
Top Declining and Gaining Stocks in Nifty
Shares of Adani Ports, Power Grid Corp, Axis Bank, HDFC Bank and SBI were among the top gainers on the Nifty. Meanwhile, shares of Tech Mahindra, Nestle, Bajaj Auto, Infosys and Cipla fell.
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What are the reasons for the market boom?
Today, the bullishness of the Asian markets was reflected in the Indian stock market as well. Hong Kong's Hang Seng rose nearly 123 points, while South Korea's KOSPI rose more than 1%. Investor confidence rose as most Asian markets remained bullish.
Indian markets were also supported by slight gains in US equities. Moreover, the decline in US and Japanese bond yields, the strengthening of the yen and the slight depreciation of the dollar have eased pressure on the market. Investors are now awaiting new US economic data and cues from central banks.
Sensex and Nifty Update
Sensex has gained more than 300 points. At 9:49 am, it was trading at 76,890.47, up 0.42% or 320.12 points. Meanwhile, the Nifty gained 0.42 percent. It jumped 99.95 points to 24,014.40 points.
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Which stocks have more growth?
others including shares Shares of Adani Ports also rose. 19 out of 30 stocks in the Sensex rose as the market opened. Adani Ports was the top gainer, rising 1.92 percent to 1705 points.
Meanwhile, shares of PowerGrid rose 1.16 percent to 270.60 points. Apart from this, Axis Bank 0.96 percent, HDFC Bank 0.91 percent, SBI 0.88 percent, ICICI Bank 0.70 percent, Indigo 0.65 percent, NTPC 0.41 percent, Tata Steel 0.38 percent, Mahindra & Mahindra 0.29 percent, Eternal 0.21 percent, Bharti Airtel gained 0.20 percent, Reliance Industries gained 0.11 percent and ITC gained 0.08 percent.
These shares, including Infosys, fell
As the market opened, 11 out of 30 stocks in the Sensex fell. Tech Mahindra fell by 0.81% and Infosys by 0.48%. Tech Mahindra was trading at 1608.80, while Infosys was trading at 1133.75. Besides, Titan fell by 0.39%, TCS by 0.31%, Maruti by 0.19%, Sun Pharma by 0.18%, Asian Paints by 0.11%, Bajaj Finance by 0.04% and Trent by 0.02%.
Investors benefited in crores
After Wednesday's big drop, the market rallied on Thursday. The Sensex rose by nearly 349 points. During this period, the market capitalization of listed companies on BSE increased by approximately ₹35,679 crore. This means that investors' investment has increased by ₹ 35,679 crore.