Share Market Opening: Good start of Indian stock market, movement seen in auto and IT shares
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Share Market Opening: A three-day meeting of monetary review policy is being organized by the Reserve Bank from today. Meanwhile, Indian Share Market Has made a better start. While Sensex rose by 239.40 points in pre-opening, Nifty also opened with a gain of 54 points. However, at 9.30 am the Sensex was trading at 71,838.93 with a rise of 0.15 percent or 107.51 points. Whereas, Nifty is trading at 21,789.60 with a gain of 0.082 percent or 18 points. A rise has been seen in 16 out of 30 Sensex stocks. Whereas, a decline was seen in 14 shares.
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Bharti Airtel is leading on BSE Sensex with a gain of 2.77 percent.
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TCS became the top gainers with a rise of 2.76 percent, HCL Tech with a rise of 2.74 percent, Wipro with a rise of 2.24 percent, Maruti with a rise of 1.35 percent and Tech Mahindra with a rise of 1.23 percent.
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There has been a jump of about two percent in the share price of Paytm. The company’s shares were trading at Rs 446.20 with a rise of 1.87 percent i.e. Rs 7.70.
32 stocks of Nifty-50 rose
On Tuesday, out of 50 shares of Nifty, 32 shares were seen trading with green mark. Whereas, 18 shares are trading with red mark. Shares of Bharti Airtel, TCS, UltraTech Cement, Dr Reddy’s Lab and HCL Tech became the top gainers of Nifty. At the same time, shares of Power Grid, NTPC, Hindalco, Axis Bank, and SBI Life were included in the category of top losers.
How is the condition of other markets?
On one hand, a three-day monetary policy meeting is starting from today by the Reserve Bank. On the other hand, the Bank of Australia will announce its interest rate decision in a short while. Asian markets are mostly lower on Tuesday after the fall in Wall Street indices. In Asia, all major benchmarks except Hang Seng were feeling selling pressure as they fell in the range of 0.6 per cent to 0.8 per cent. The Dow Jones Industrial Average fell 0.71 percent, while the S&P 500 slipped 0.32 percent. The Nasdaq Composite fell 0.2 percent.
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