The stock market was also in a bullish mood on the auspicious occasion of Sawan Shivratri. The second trading day of the week started on a positive note. The BSE Sensex opened with a gain of 265 points at the level of 82451, while the Nifty also jumped 78 points and crossed the figure of 25139. In the initial hour, there was a lot of buying from investors.
Positive Trend Seen in the Market
The market remained b from the beginning of trading. Both Sensex and Nifty were seen trading in the green. According to market analysts, the sentiment of domestic investors remains b, and global signals have also had a positive effect on the market.
Banking and Auto Sector Gain
In today's trading, banking and auto sector stocks showed good gains. Buying was seen in major stocks like ICICI Bank, HDFC Bank, and Axis Bank. At the same time, shares of auto sector companies like Maruti, Tata Motors, and Mahindra & Mahindra also registered gains.
IT Stocks Received Support
The IT sector was also not far behind in the market rally. Stocks like Infosys, TCS, and HCL Technologies saw a jump. The stability of the rupee against the dollar and the interest of foreign investors supported this sector.
Trust Increased with the Return of FIIs
Foreign institutional investors (FIIs) have been continuously buying in the past few sessions, which has increased the confidence of investors in the domestic market. Investors' mood also looks enthusiastic in the month of Sawan.
These Nifty Stocks Showed the Highest Gain
In Nifty-50, Adani Enterprises, Tata Steel, JSW Steel, HCL Tech, and Britannia shares showed b gains. There was tremendous buying from investors in these.
Support Also Received from the Global Market
The Indian stock market was also affected by the positive signals received from markets around the world today. The तेजी (increase) in the US markets and the strength found in the Asian market also filled Indian investors with confidence.
Rupee Stable, Crude Prices Ease
The stability of the rupee and the fall in crude oil prices also contributed to the strength of the stock market. The rupee remained without any major movement against the dollar, while Brent crude prices came down slightly, which gave relief to oil companies and the transport sector.
Activity in the IPO Market Too
Along with the rise in the stock market, investors' interest remained in the IPO segment as well. An increase was seen in the number of applicants in new issues. Many companies' issues are getting more subscriptions than expected.
Sectoral Movement in the Stock Market
- Bank Nifty: Today Bank Nifty was also seen trading with strength.
- FMCG Sector: Traded with a slight तेजी (increase), investors adopted a defensive strategy.
- Pharma Sector: Remained with mixed trends, some stocks saw profit booking.
- Real Estate and Metal Sector: A slight उछाल (bounce) was also seen in these sectors.
Uptick in Trading Volume
The volume of shares was seen to be high in the initial hours of trading. Along with big companies, midcap and smallcap stocks also saw an increase in trading volume, which is indicating a positive sentiment in the market.
Confidence Seen in Investors
This तेजी (increase) in the stock market shows that investors have confidence in the present time. This bullish sentiment in the stock market on the auspicious month of Sawan and Shivratri was seen to further excite investors.
