2024-07-19 00:41:27
New Delhi: There is a tremendous boom in the stock market today. The BSE Sensex has crossed 81,000 points for the first time while the Nifty 50 index is trading above 24,800 points. At 2.30 pm, the Sensex was trading at 81,438.23 points with a gain of 721.68 points i.e. 0.89%. The Nifty was at 24,808.55 points with a gain of 155.5 points i.e. 0.79 percent. There was a huge fluctuation in the stock market today. The highest rise was seen in IT stocks. There was a decline in early trade but it gained momentum as the day progressed. Among the companies listed in the Sensex, the shares of Adani Ports, Asian Paints, Tata Steel, NTPC, Power Grid and Ultratech Cement declined the most. On the other hand, shares of Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, Bajaj Finserv, Tech Mahindra and State Bank of India (SBI) gained.
Earlier, the stock market fell soon after touching a new record-high in highly volatile trading. The 30-share BSE index Sensex opened on a weak note but later bounced back and rose 193.9 points to hit a new record peak of 80,910.45. However, it failed to sustain the gains and fell 151.38 points to 80,550.97 at 11:22 am. Similarly, the NSE Nifty bounced back after a weak start. It rose 65.9 points to hit a new all-time high of 24,678.90. However, the Nifty also lost all gains within a short time and fell 66.35 points to 24,546.65.
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The state of foreign markets
In Asian markets, China’s Shanghai Composite, South Korea’s Kospi and Japan’s Nikkei were in losses while Hong Kong’s Hang Seng was in profit. US markets closed with a negative trend on Wednesday. Global oil benchmark Brent crude futures were trading at US $ 85.45 per barrel with a gain of 0.45 percent. According to stock market data, foreign institutional investors (FIIs) remained buyers in the capital market on Tuesday and bought shares worth Rs 1,271.45 crore net.