The domestic stock market was seen trading in every mark at the beginning of the trading session on Wednesday. The BSE Sensex was trading at 9.22 am at 9.22 am, trading at the level of 81,739.21 with 156.21 points. Similarly, NSE’s Nifty was also trading at the level of 24,911.85 by jumping 58.45 points. On Wednesday, shopping was seen in IT, oil and gas, consumer durables, realty in sectors, while the media, pharma, PSU bank saw selling.
Stir in these stocks
In the early trading session, the Nifty is in the leading profit on IndusInd Bank, Maruti Suzuki, ONGC, Titan Company, Sriram Finance, while Kotak Mahindra Bank, Power Grid Corp, NTPC, JSW Steel, HDFC Life saw a decline. IndusInd Bank, Mahindra & Mahindra, Maruti, Titan, Tech Mahindra, HCL Tech, Reliance Industries and ICICI Bank were the highest among 30 Sensex companies. Kotak Mahindra Bank, Power Grid, NTPC and Adani ports lagged behind.
Investors bought equity
Foreign institutional investors (FIIs) purchased equity worth Rs 1,482.77 crore on Tuesday according to exchange data. Domestic institutional investors (DIIs) also bought equity worth Rs 8,207.19 crore in the last business. VK Vijaykumar, the main investment strategist at Geojit Investments Limited, said that it is important to understand that after the Kovid Crash in March 2020, which took the Nifty to a low of 7,511, we are in a bull market, which is climbing all the walls of concerns.
How is the stand in Asian markets
Vijaykumar also said that the market is likely to climb the concern of Israel-Iran struggle. Despite the high evaluation in the wider market from Sha, the market is likely to remain flexible due to strong liquidity and expectations of income changes. In the Asian markets, South Korea’s Kospi and Japan’s Nikkei 225 index were trading in positive sector, while Shanghai’s SSE Composite Index and Hong Kong’s Hang Seng were less spoken. The US markets closed down on Tuesday. Global oil benchmark Brent crude rose 44 percent to $ 76.79 per barrel.
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