Stock market enthusiasm high, Sensex rose by more than 390 points, Nifty also crossed 24,400, these stocks shined

Mumbai, 21 April. Amid global cues, the domestic stock market is showing enthusiasm on Tuesday. The market jumped after opening flat. At 9.21 am, BSE Sensex reached the level of 78913.53 with a sharp jump of 393.23 points. Similarly, NSE Nifty was also seen at the level of 24,467.40 with a rise of 102.55 points. Just before this, at 9.15 am, BSE Sensex was seen trading at the level of 78,557.43 with a slight rise of 37.13 points. At the same time, NSE Nifty was trading at the level of 24,364.60 with a decline of 0.25 points. Investors are buying cautiously regarding peace talks between America and Iran.

Except IT, indices of all sectors are in the green. The realty sector index is currently up by more than one and a half percent. Banking, finance, auto, metals, FMCG, consumer durables and chemicals groups also witnessed good gains. Among Sensex companies, shares of Axis Bank, Adani Ports and ICICI Bank are up by more than one percent. Shares of NTPC, Tata Steel, HDFC Bank, L&T, Bajaj Finance, Asian Paints and Trent also remain strong. Shares of Infosys, UltraTech Cement and TCS appear to be under pressure.

These stocks rose and fell

Nifty witnessed strong gains during the early session today, with Adani Ports, Shriram Finance, ICICI Bank, Axis Bank and Bajaj Finance being the major gainers. On the other hand, SBI Life Insurance, Infosys, UltraTech Cement, TCS and HDFC Life were seen trading with losses.

Rupee fell by 16 paise against dollar

The rupee fell 16 paise to 93.32 against the US dollar in early trade on Tuesday. This was because the American currency remained strong and the Reserve Bank relaxed the restrictions related to speculation on the Indian currency. Forex traders said a rise in domestic stock markets and influx of foreign funds supported the local currency, although uncertainty over the Middle East peace accord kept investors worried.