All-round buying is happening in the stock market. Sensex has crossed 52800 and Nifty has gone above 15800. The market is getting support from buying in metal and public sector banks. The mid-cap index of Nifty has a strength of about 0.25%. In the small-cap index of Nifty, there is a jump of double i.e. half percent.
The biggest jump of about one percent in the sector index is in Nifty Metal. Strong in Nifty PSU Bank and IT shows that there is a lot of buying in the shares of these sectors too. These sector indices declined due to buying in banking, financial and realty stocks.
Domestic markets gave a strong start today on strong signals from overseas markets. Sensex opened at 52651 with a strength of 100 points, Nifty started with a gain of 28 points. Nifty went up to 15,812 during trading. Sensex also reached 52,764. Important US indices closed at record highs on Tuesday. In view of this, the Asian markets had a strong start today, which also affected the Indian market.
Infosys, RIL, TCS, Maruti, L&T, Tata Steel, Asian Paints and Bajaj Auto are among the top pullers in Sensex and Nifty. The pressure on them is being created due to ICICI Bank, HDFC Bank, Power Grid, NTPC, HDFC, Dr Reddy's Lab, HUL etc.
On Tuesday, the second trading day of the week, the stock markets closed with weakness. The Sensex was down 186 points, or 0.35%, at 52,550. Nifty was down 66 points or 0.42% to close at 15,748 points. Nifty MidCap was down 0.59%. Nifty Small Cap closed down 0.23%.
The Volatility Index India VIX today opened with a decline of 3%. This fall shows how strong the Nifty can be on a yearly basis in the next 30 days. According to the decline in this index, the market may continue to rise. A rise from the lower levels is an indication of increasing movement with the market remaining firm. It had lost 3% on Tuesday.
The financial results of Andhra Sugar, BF Utilities, BGR Energy, DB Realty and Ircon International are due today.
According to provisional data available on the NSE, on Friday, June 29, foreign institutional investors (FIIs) bought shares worth a net Rs 116 crore. That is, he had bought shares worth so much more than the rupee shares he had sold. Domestic institutional investors (DIIs) had bought shares worth a net Rs 1,810 crore.
There is a mixed trend in the major stock markets of Asia. Japan's Nikkei index is down about 0.10%. China's Shanghai Composite is up more than 0.20%. Hong Kong's Hang Seng is down about 0.20%. Korea's Kospi has a strength of about half per cent. Australia's All Ordinary has a jump of about 0.60%.
US markets remained firm on Tuesday. The Dow Jones closed up 0.03%. The Nasdaq gained 0.19%. The S&P 500 also gained 0.03%. There was a boom in European markets. Britain's FTSE gained 0.21%, Germany's DAX gained 0.88% and CAC by 0.14%.
10.15 AM There is a growing number of stocks contributing to the market's strength. 25 stocks of Sensex are trading with gains.
9.45 AM Nifty Metal has the highest jump of about one percent in the sector index.
9.30 AM Sensex 22 stocks are strong amid all-around buying in the market.
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