After the election results on Tuesday, the stock market saw a boom on Wednesday, which continued on Thursday as well. On Thursday, the stock market and the Bombay Stock Exchange’s 30-share Sensex are trading around 700 points higher. The Sensex level has crossed 75000. At the same time, the National Stock Exchange’s Nifty 50 is also trading at more than 150 points.
Sensex opened above 75 thousand
The trading in the stock market started on the green mark at 9.15 am. During this time, the BSE Sensex was trading with a jump of 696 points. During this time, the Sensex opened at the level of 75,078, while the NSE Nifty was also rising on the green mark. NSE Nifty started with a gain of 178 points at the level of 22,798. As soon as the market opened on this day, 22 shares of BSE were seen trading on the green mark while eight shares were on the red mark. At the same time, NTPC shares rose the most during this time. In the initial trading, it saw a rise of 3.72 percent.
This is how it was
Sensex and Nifty rose in early trade on Thursday. The market continued to rise for the second consecutive session after the leaders of the Bharatiya Janata Party-led National Democratic Alliance unanimously elected Narendra Modi as their leader. Continuing the previous session’s rally, the 30-share BSE Sensex rose 696.46 points to 75,078.70 points in early trade.
On the other hand, NSE Nifty rose 179.15 points to close at 22,799.50. Out of the 30 companies listed on the Sensex, NTPC, State Bank of India, Power Grid, Tata Steel, Tech Mahindra and HCL Technologies were the biggest gainers. Hindustan Unilever, Nestle, Sun Pharma and Asian Paints were the losers. In the Asian markets, South Korea’s Kospi, Hong Kong’s Hang Seng and Japan’s Nikkei were in profit while China’s Shanghai Composite was in loss.
US markets closed on a positive note on Wednesday. Global oil benchmark Brent crude futures were trading 0.38 per cent higher at $78.71 per barrel. According to stock market data, foreign institutional investors (FIIs) remained net sellers in the capital market on Wednesday and sold shares worth Rs 5,656.26 crore.
