The National Stock Exchange of India, commonly known as NSE, witnessed a positive trend in the stock market today. The Nifty50 index closed above 25,100 points, marking a 0.12% increase, while the BSE Sensex ended above 81,900 points, rising by 0.17% after a day of volatile trading. This upward trajectory was fueled by strong performances in leading bank stocks and increased domestic institutional buying.
Market analysts highlighted the optimistic sentiment prevailing in the market, with expectations of sector-specific movements as the second-quarter results are unveiled. The Nifty50 and BSE Sensex indices have been on an upward trajectory for the fourth consecutive day, reflecting the overall positive market sentiment.
During the trading session, the Sensex reached a high of 82,309.56 points, up by 0.63%. Notable gainers among the Sensex components included Bharti Airtel, HCL Tech, UltraTech Cement, Power Grid, HDFC Bank, Bajaj Finance, Tata Steel, and ICICI Bank. However, Axis Bank, Tata Motors, Trent, and Infosys experienced declines.
Asian markets painted a mixed picture, with Japan’s Nikkei 225 index closing positively, while Chinese and South Korean markets remained closed for holidays. In Europe, markets showed varied performances, whereas the US markets mostly ended on a positive note.
The global oil benchmark, Brent crude, experienced a slight decrease, settling at USD 65.37 per barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 313.77 crore, while Domestic Institutional Investors (DIIs) purchased stocks valued at Rs 5,036.39 crore on Monday, as per exchange data.
![The Candlestick Trading Bible [50 in 1]: Learn How to Read Price Action, Spot Profitable Setups, and Trade with Confidence...](https://m.media-amazon.com/images/I/71Jw1pwgMaL._AC_UL320_.jpg)
On the previous trading day, the Sensex had advanced by 0.72% to close at 81,790.12 points, while the Nifty had gained 0.74% to reach 25,077.65 points. It’s essential to note that expert opinions and recommendations on the stock market and other asset classes are personal views and do not necessarily reflect those of The Times of India.
The NSE Nifty and BSE Sensex’s consistent performance in recent days underscores the ongoing positive momentum in the Indian stock market. As investors await further developments and economic indicators, the market continues to reflect resilience and adaptability amid changing global economic landscapes.
📰 Related Articles
- Wall Street Hits Record Highs Amid Positive Market Sentiment
- Tech Stocks Lead Market Rally Amid Positive Investor Sentiment
- Stock Market Resilience Amid Geopolitical Uncertainties Signals Positive Sentiment
- Financial Stocks Surge Amid Positive Market Trends and Upgrades
- ASX Surges to Two-Month High Amid Positive Market Sentiment