2024-03-03 11:06:49
New Delhi: The bullish trend in the stock market continues. The stock market had closed at a record level in the last session of special trading yesterday i.e. last Saturday. The market remains bullish due to better GDP figures and capital inflow of foreign institutional investors. The country’s major stock markets BSE and National Stock Exchange (NSE) had organized a special trading session on Saturday to test their preparedness to deal with any major disruption. In the second session of special trading, the 30-share BSE Sensex closed at its all-time high of 73,806.15, up 60.80 points or 0.08 per cent. During trading, the Sensex had reached a record level of 73,994.70 with a gain of 249.35 points or 0.33 percent. Similarly, Nifty closed at a new high of 22,378.40, up 39.65 points or 0.18 percent. It had touched an all-time high of 22,419.55, up 80.8 points or 0.36 percent in intraday trading.Sensex excited by GDP data, new records made, stock market will open today at this time
There was a rise in these shares
The market capitalization of companies listed on BSE has reached Rs 394.06 lakh crore. According to the stock markets, two trading sessions were held on Saturday. The first session was held from 9:15 am to 10 am on ‘Primary Site’ and the second session was held on ‘Disaster Recovery’ from 11:30 am to 12:30 pm. Among the Sensex companies, a good rise was seen in Tata Steel, Tata Motors, JSW Steel, Wipro, ITC and Asian Paints. Whereas Mahindra & Mahindra, NTPC, Maruti and UltraTech Cement closed in the red.
There is a rush to buy this share of Ratan Tata, the stock reached record high, giving huge returns.
How will the market move?
According to market experts, a good rise was seen in Nifty yesterday. At the end of trading it closed with gains and witnessed good growth throughout the day. Nifty looks strong on technical charts. There are indications of price trading with the upper band. There may be further increase in this next week. Nifty may hit the level of 23000-23100 in short term. At the same time, support of Nifty is being formed near 21900. If Nifty goes below this, further weakness may be seen. If this support of Nifty breaks then investors can turn to buying.