First Published Nov 7, 2022, 9:53 AM IST
On the first day of the week, the Mumbai and National Stock Markets started trading on a bullish note. Sensex is trading above 61 thousand points.
Investors are trading on a happy note in the morning trade as the favorable international factors instilled confidence in the investors.
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The resumption of economic activity due to the reduction of the corona virus in China, the positive employment situation in the United States in October, and the decrease in the price of crude oil gave confidence to the investors. Asian stock markets also remained buoyant, boosting investor confidence.
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As a result, when the stock market opened in the morning, the trading moved towards bullishness as the investors started buying the shares with enthusiasm. The BSE Sensex rose 300 points to trade at 61,252 points. On the national bourse, Nifty is trading higher at 18,244 points, up 107 points.
25 out of 30 major companies on the Mumbai Stock Exchange rose in value, only Titan, Doctors Reddy’s, Tata Steel, Bajaj Pinserv and IndusInd Bank declined in value.
Bull face! Investors are happy in the stock market! Sensex, Nifty points up
All sectoral stocks including metals are moving bullish on Nifty. Most of the banking stocks are going with one percent gains. The pharmaceutical industry alone is in decline.
Coal India, Bharat Petroleum Corporation, Aditya Birla Capital, Endurance Technologies, etc. are all announcing their Q2 results today. This has created huge expectations among investors.
State Bank of India, the country’s largest public sector bank, posted a profit of Rs 13,265 crore in the second quarter, up 74 percent from last year. Higher lending, higher interest etc. are the main reason for profit. As a result, SBI Bank shares are moving with higher profits among the banking sector stocks
Last Updated Nov 7, 2022, 9:53 AM IST