New Delhi,(thestates.news) 6 October With strong global cues, the domestic stock market once again seems to be trading strongly on Thrusday. However, since the beginning of trading in the stock market, there has been constant volatility. Despite this, both the Sensex and Nifty indices remain in the green. Today’s business started on a solid note. Despite the constant buying and selling, the stock market also strengthened by about 1 percent. However, by the end of the first trading session of the day, the market started trading after falling below the upper level after being victim of profit-booking.
A total of 1,966 shares were trading actively in the first session of the day. Out of these, 1,550 shares were trading in the green with profit-making, while 416 shares were trading in the red mark after facing losses due to selling pressure. Talking about the stock market shares, out of 30 stocks included in Sensex, 19 shares were trading in the green mark with profit and 11 shares were trading in red mark with loss. Similarly, out of 50 stocks included in Nifty, 32 shares were trading in the green mark and 18 shares were trading in red mark. Among the heavyweights, JSW Steel, Coal India, Hindalco Industries, HCL Technology and ICICI Bank were trading on a bullish trend in the first session of the day amid continuous buying and selling in the market. However, Bharti Airtel, Bajaj Finance, Hindustan Unilever, Cipla and Divi’s Laboratories were trading weak under selling pressure.
The Bombay Stock Exchange (BSE) Sensex today started trading with a gain of 248.58 points at 58,314.05 points. As soon as the market opened, selling pressure was seen in the process of profit-booking, due to which the index fell to the level of 58,290.47 points. After this, when the buying started in the market, the Sensex took the path of bullishness. With the support of all-round buying in the market, the Sensex gained 513.29 points to reach 58,578.76 points at around 10:30 am. After this, selling pressure started building in the market, due to which the Sensex kept falling continuously. The Sensex was trading at a level of 58,363.79 with a gain of 298.30 points at 12 noon after the end of the trading of the first session of the day amid continuous buying and selling in the market.
Like the Sensex, the Nifty of the National Stock Exchange (NSE) also started trading today with a gain of 104.95 points from the level of 17,379.25 points. Nifty also suffered a fall in early trade, but taking advantage of the market’s rise after half an hour, Nifty rose 154.5 points to reach the level of 17,428.80 in the next 1 hour of trading.After reaching this high, there was selling pressure in the stock market, due to which the Nifty also started falling sharply. The Nifty was trading at a level of 17,364.65 points with a gain of 90.35 points at 12 noon after the end of the trading of the first session of the day amid continuous volatility in the stock market.
Due to strong global cues, the domestic stock market today started trading by showing a bullish trend in the pre-opening session. In this session, the BSE Sensex was at the level of 58,376.41 points with a gain of 310.94 points, or 0.54 percent. In the pre-opening session, Nifty was up by 100.90 points, or 0.58 percent, to reach the level of 17,375.50. Before this, on the last trading day i.e. Tuesday, the Sensex closed at 58,065.47 with a jump of 1,276.66 points or 2.25 percent. The Nifty had ended Tuesday’s trading at 17,274.30 with a gain of 386.95 points, or 2.29 percent.(HS)