Today, the Sensex and Nifty are waiting for a rally, taking away the volatility in the capital markets. The Sensex has gained 150 points in the morning session on Thursday. The Nifty has risen by 32 points.
The market has been bullish for the past two weeks after the budget was presented. Blue-chip stocks were heavily traded by investors. In addition, foreign institutional investors also invested heavily in the market. As a result, the BSE benchmark Sensex rose to 51,000 points, while the Nifty crossed the 15,200 mark.
Most of the stocks rose to their highest levels. The market capitalization of companies had also increased significantly. However, the last two sessions have seen fluctuations in the market. The Sensex had lost 350 points during the day on Wednesday and finally settled with a loss of 19 points at the close. At present, the Sensex is up 144 points at 51453 points. The Nifty is up 40 points at 15,147.
Shares of State Bank of India, Axis Bank, Bharti Airtel, HDSF Bank and Reliance Industries rose in today’s session. Shares of HDFC, Infosys, Titan, NTPC, ICICI Bank, ITC, TCS, Kotak Mahindra Bank, Maruti, Mahindra & Mahindra declined.
Meanwhile, US President-elect Joe Biden has signaled an increase in the $1.9 billion economic package. Such a proposal will be tabled in Parliament soon. So Wednesday American The stock market is booming However, it declined slightly as the market closed. The rise in crude oil prices in the commodity market has continued. With the corona vaccination campaign underway, corona outbreaks will be brought under control.