Stock market continues to rise, buyers take charge after initial profit booking

New Delhi. Today, on the first trading day of the week, the domestic stock market seems to be trading with gains. However, after the start of today’s trading, both Sensex and Nifty indices fell below the opening level due to profit booking. Despite this, buyers did not let the stock market go into the red. After the first 60 minutes of trading, Sensex was trading with a strength of 0.40 percent and Nifty with a strength of 0.44 percent. After the first one hour of trading, BPCL, Wipro, Shriram Finance, Bajaj Finance and UltraTech Cement were among the big stocks of the stock market. The shares were trading between 3.70 per cent and 1.99 per cent higher. On the other hand, shares of NTPC, HDFC Bank, Mahindra & Mahindra, JSW Steel and ITC were seen trading with a fall of 1.34 percent to 0.15 percent.

In the current trading, there was active trading in 2,113 shares in the stock market. Of these, 1,722 shares were trading in the green after earning profits, while 391 shares were trading in the red after incurring losses. Similarly, out of 30 shares included in Sensex, 23 shares remained in the green with the support of buying. On the other hand, 7 shares were trading in the red due to selling pressure. Whereas out of the shares included in Nifty, 41 shares were seen trading in the green mark and 9 shares were seen trading in the red mark. BSE Sensex jumped 578.18 points today and opened at 73,666.51 points. Profit-booking started as soon as the trading started, due to which the index fell to the level of 73,227.32 points in the first half-hour of trading. However, due to support from buyers at this level, the index was saved from falling into the red. After the first hour of trading amid continuous buying and selling in the market, at 10:15 am the Sensex was trading at 73,378.46 points with a gain of 290.13 points.

Like the Sensex, NSE’s Nifty started trading today at 22,336.90 points with a gain of 189.90 points. This index also declined due to selling that started as soon as the market opened. There was continuous selling pressure in the market during the first half hour of trading, due to which the index fell to 22,198.15 points. But after this the buyers took charge, due to which the position of this index started improving. After the first one hour of trading between continuous buying and selling in the market, Nifty was trading at the level of 22,244.95 points with a gain of 97.95 points. Before this, on Friday, the last trading day of last week, the Sensex had closed at the level of 73,088.33 points with a gain of 599.34 points or 0.83 percent. At the same time, Nifty jumped 151.15 points or 0.69 percent and ended Friday’s trading at the level of 22,147 points.