2024-09-24 22:24:03
Mumbai: On Tuesday, the Indian stock market opened flat. At the time of market opening, the BSE Sensex was negative. But, after the initial trading, the main indices of the market reached record highs. In the early morning trade, Sensex and Nifty made new all-time highs of 85,052 and 25,978 respectively.
The market opened in the morning
On Tuesday, the BSE opened at 84860.73 points at the start of trading. It had closed at 84928.61 points a day earlier. This means that today the Sensex opened negative. But it became positive before 10 am. At 09.51 am, the Sensex crossed the psychological mark of 85,000 and reached an all-time high. At 10:51 am, the Sensex was at 84,953 with a gain of 24.63 points or 0.03 percent.
market sentiment is positive
However, the trend in the early trade market remained positive. On the National Stock Exchange (NSE), 1388 stocks were in the green and 758 stocks were in the red. Buying is being seen in small and mid-cap stocks. The Nifty Midcap 100 index was up 137 points or 0.23 percent at 60,838 and the Nifty Smallcap 100 index was up 43 points or 0.22 percent at 19,592. Auto, pharma, metal, media, energy, infra, PSE, healthcare and oil and gas were the top gainers on the NSE.
Here are the top gainers
IT, PSU Banks, Fin Services, FMCG and Realty were trading under pressure. Tata Steel, JSW Steel, Nestle, Tata Motors, Power Grid, HDFC Bank, Sun Pharma, Bharti Airtel, Asian Paints and NTPC were the top gainers in the Sensex pack.
Here are the top losers
Bajaj Finance, Infosys, HUL, UltraTech Cement, IndusInd Bank, Axis Bank, Wipro and Bajaj Finserv were the top losers. Most Asian markets are trading higher. Tokyo, Shanghai, Hong Kong, Bangkok, Seoul and Jakarta are the top gainers.
What remained in America
The US markets closed in the green on Monday. Market experts say that the market is worried due to tensions in the Middle East. The situation has become more tense after Israel’s attack on Lebanon. Due to high valuation in the market, investors should focus on such stocks where there is value.