Mumbai, First Published Apr 29, 2022, 10:10 AM IST
The National Stock Exchange and the Mumbai Stock Exchange started trading for the 2nd consecutive day today. Investors are buying stocks with confidence
Favorable environment
International factors favored, US stock markets ended higher, crude oil prices fell, and companies’ 4th quarter results gave investors confidence.
Boom
For the 2nd day in a row in Mumbai, the bulls dominated the National Stock Exchange and trade has been booming since morning. The US stock market Nasdaq ended yesterday with the highest level in six months. This echo is also seen in the stock market.
While the declining corona virus and lockdown in China are causing concern to investors, it is comforting to know that crude oil prices have fallen slightly. However, investors are careful not to allow global economic growth to stagnate due to the corona in China.
Quarterly results
Domestic companies, especially those in the Nifty, have started releasing their 4th quarter results. The good growth of various companies has given confidence to the investors. Axis Bank in particular encouraged net profit investors. Apart from this, the quarterly results of Maruti Suzuki, Ultratech Cement and Wipro were also released today.
Rise
Thus, the Bombay Stock Exchange rose 200 points before the start of trading. The Sensex was up 217 points at 57,738 on the Bombay Stock Exchange. At the National Stock Exchange, the Nifty was up 60 points at 17,305. 1436 shares are up, 463 are down and 82 are down.
Shares of ONGC, Sun Pharma, Tata Steel, Grossim Industries and UPL were the top gainers in the Nifty. Shares of SBI Life Insurance, Axis Bank, Hero Motors, Divis Laps and HUL fell.
Profit enthusiasm
Shares of 5 companies, including Maruti Suzuki, NTPC, Axis Bank, Powergrid and Nestle India, declined in the Mumbai Stock Exchange, which has 30 major companies. Other stocks are profitable
Shares of Sun Pharma, DoctorRetis, Tata Steel, Bajaj Accounting, Kotak Bank, IndusInd Bank, Mahindra & Mahindra and Bharti Airtel are gaining ground on the Mumbai Stock Exchange. Shares of Tata Consumer, Tata Motors and ONGC also moved higher. All sector stocks in the Nifty are profitable
Last Updated Apr 29, 2022, 10:10 AM IST