Share Market Opening: Amidst the strong signals from the global market, the Indian stock market is showing green marks on the third trading day of the week. In the pre-opening, both the market indices Sensex and Nifty rose sharply. More buying opportunities are being seen in small cap shares rather than large and mid cap shares. However, at 9.20 am the Sensex is trading at 73,938.46, up 0.27 percent or 200 points. Nifty has risen 0.21 percent or 47.60 points to reach 22,415.60. Today 2741 companies are doing business in the market. Stocks of 2129 companies are trading in profit. Whereas, there is a decline in the stocks of 527 companies. However, there is no change in the share prices of 88 companies.
How was the trading on Sensex-Nifty?
Stocks of six companies on the 30-share Sensex of BSE are trading in losses. Whereas, stocks of 24 companies are trading in profit. On Nifty, except FMCG sector, all other sectors are trading in profit. Tremendous growth is being seen in banks and metals. On Nifty, stocks of Cipla, JSW Steel, Tata Steel, Hero Motors Corp, Hindalco and Axis Bank have been included among the top gainers. Whereas, stocks of Tata Consumer, HDFC Life, Hindustan Unilever, IndusInd Bank and Titan have been included among the top losers.
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What do experts say
Vinod Nair, head of research, Geojit Financial Services, said that the domestic markets remained in a range amid positive global cues. Even though tensions in West Asia seem to be easing, investors are adopting a cautious stance in view of the rise in crude oil. He said that due to rising US bond yields, withdrawal of foreign investors may continue but the market is getting support from domestic institutional investors.