Stock market opened on green mark, Sensex rose 216 and Nifty 61 points
Mumbai: Indian stock market opened on green mark with a good start on Tuesday’s trading day. BSE’s Sensex is trading at 82,189.42 after rising 216.37 points or 0.26 percent in early trade.
At the same time, NSE’s Nifty is trading at 25,189.25 after rising 61.30 points or 0.24 percent. The market trend remains positive. On the National Stock Exchange (NSE), 1323 stocks are trading in green, while 721 stocks are trading in red. On the Bombay Stock Exchange (BSE), 1689 stocks are trading in green and 852 stocks are trading in red. Nifty Bank is at 51,976.60 after rising 159.70 points or 0.31 percent. The Nifty Midcap index is trading at 51, 976.60 level after gaining 79.00 points or 0.13 percent.
The Nifty 100 index is at 26,266.50 after gaining 68.60 points or 0.26 percent. Infosys, HCL Tech, Bharti Airtel and Asian Paints are the top gainers in the Sensex pack.
On the other hand, Nestle, Tata Steel, M&M and JSW are the top losers. BPCL, Infosys, Bharti Airtel and HCL Tech are the top gainers in the Nifty pack. On the other hand, ONGC, Nestle and Tata Steel are the top losers. Asian markets are witnessing a rise. Barring Hong Kong, markets in Tokyo, Bangkok, Jakarta and Seoul are trading in the green. US stock markets closed in the green on the previous trading day.
According to market experts, “The market is expecting good numbers from IT and banking at this time of second quarter results. Good results from HCL Tech confirm optimistic expectations and banking results, especially of major private banks, are also likely to be good. Unlike IT stocks, where there is only limited valuation comfort, banking stocks offer good valuation comfort and, therefore, have the potential to move higher from current levels.”
