Mumbai8 minutes ago
- copy link
- Solid start to domestic market on strong overseas trends
- Nifty Mid Cap and Small Cap are also up almost 1%
All-round buying is happening in the stock market. Sensex is trading near 52,600 and Nifty is close to 15,750. Like the big stocks, the index of small and medium stocks is strong. Nifty Mid Cap is up about 1%. Nifty Small Cap is up around 1.5%. The market is getting support of buying in the shares of companies of more or less all sectors.
The impact of the boom in American, European and Asian stock markets has been seen in the domestic market today. It has given a strong start on Thursday, the day of settlement of weekly deals in the futures market. The 30-share Sensex of BSE opened at 52,494 with a gain of 296 points. NSE Nifty has also started trading at 15,736, up 104 points from Tuesday’s closing level.
Domestic stock markets remained closed on Wednesday on account of Bakrid. A day earlier on Tuesday, the market closed with a fall for the third consecutive day. The Sensex was down 354.89 points, or 0.68%, at 52,198.51. The Nifty closed at 15,632.10, down 120.30 points, or 0.76%. 21 out of 30 stocks of Sensex and 40 out of 50 stocks of Nifty closed in the red mark.
During the trading on Tuesday, a total of 452 points were fluctuated in the Sensex while the Nifty had fluctuated by 150 points. India VIX, which gives an idea of volatility in the market, jumped 4.14% on profit booking. Experts say that if the market declines, then overall buying trend can be formed at the key support level due to the VIX remaining at the lower level.
sell in asia
Today there is a bullish trend in the markets of Asia. Japan’s stock markets are closed today. China’s Shanghai Composite is up 0.3%. Hong Kong’s Hang Seng is up 1.90%. Korea’s Kospi is up 1.0%. Australia’s All Ordinary also has a strength of about 1.0%.
boom in america
US markets remained firm on Wednesday. The Dow Jones closed with a gain of 0.83%. The Nasdaq gained 0.92%. The S&P 500 was up 0.82%. There was a sharp jump in European markets. France’s CAC closed up 1.85%. Britain’s FTSE gained 1.70%. Germany’s DAX gained 1.36%.
FII and DII data
According to provisional data available on the NSE, on July 20, foreign institutional investors (FIIs) sold shares worth a net Rs 2,834 crore. That is, he had sold shares worth so much more than the amount of shares he bought. Domestic institutional investors (DIIs) had bought shares worth a net Rs 873 crore.
9.32 AM Barring Nifty Pharma, all other sector indices are strong.
9.18 am All-round buying is happening in the stock market. 28 out of 30 Sensex stocks are strong.