Great recovery from low level of stock market, Sensex jumps 1231 points

New Delhi,(thestates.news) : The latest data on retail inflation in the US shocked the stock markets around the world. The domestic stock market also opened on Wednesday with weakness of about 2 percent, but the bulls of the Indian market not only made a great recovery of the stock market by buying continuously throughout the day, but at one time also brought the stock market to the green mark. Sensex closed 1,231.92 points from the lower level today due to all-round buying of bulls and Nifty made a spectacular jump of 320.40 points from the lower level. However, due to the sell-off in the last 1 hour of trading, both these indices closed in the red mark.

In today’s trade, most of the stocks in the banking and metal sector were strongly bought. On the other hand, there was a strong selling position in the stocks of IT, Automobile and Realty sectors. In the day’s trading, both the Sensex and Nifty indices remained bullish for the maximum time except in the last 1 hour of trading, due to which the Sensex once again closed in the range of 60 thousand points and Nifty closed in the range of 18 thousand points. .

The Bombay Stock Exchange (BSE) Sensex today started trading at 59,417.12 points, down 1,153.96 points. In the opening minutes of trading, the buyers started buying all-round in the market. Despite minor jitters of selling in between, the Sensex continued to rise till 2.30 pm. By this time the Sensex had recovered 1,231.92 points from today’s low and gained 77.96 points to reach the level of 60,649.04 points due to the buying support in the market.

However, the Sensex could not sustain at this high till the end. Sensex slipped slightly below the upper level due to slight selling in the last hour of trading. Due to selling, the index slipped slightly from the upper level and closed at 60,346.97 with a weakness of 224.11 points, or 0.37 percent.

Like the Sensex, the Nifty of the National Stock Exchange (NSE) also started trading with a weakness of 298.90 points at 17,771.15 points. Nifty also got support from the early buying in the market. Due to all-around buying in the market, Nifty also moved upwards while making a rapid recovery. By 2:30 pm, the bulls took the Nifty to the green mark by jumping 320.40 points from the lower level.

By this time, the index had gained 21.50 points to reach today’s highest level of 18,091.55 points. However, there was selling pressure in the market in the last 1 hour of trading, due to which the Nifty slipped from the upper level by 66.30 points or 0.37 percent to end today’s trading at the level of 18,003.75 points.

During the day’s trading today, out of 30 stocks included in the Sensex, 15 shares closed in the green with the support of buying, while 15 shares were caught in the selling pressure and closed in the red mark. Similarly, out of 50 stocks included in Nifty, 22 shares closed in the green mark with strength and 28 shares declined in the red mark.

After buying and selling throughout the day, IndusInd Bank 4.46 percent, NTPC 2.96 percent, Power Grid Corporation 2.54 percent, State Bank of India 2.46 percent and Bajaj Finserv 1.15 percent with a strength of 1.15 percent. joined in. On the other hand, Infosys declined by 4.50 per cent, Tata Consultancy Services (TCS) by 3.37 per cent, Tech Mahindra by 2.85 per cent, HCL Technology by 2.45 per cent and Larsen & Toubro by 1.88 per cent joined the list of top 5 losers.(HS)