Science & Environment
Stock market today: BSE Sensex moves above 78,100; Nifty50…
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex moved above 78,100, Nifty50 was also near 23,750. At 9:18 AM, BSE Sensex was trading at 78,184.59, up 131 points or 0.17%. Nifty50 was at 23,736.70, up 15 points or 0.065%.
On Tuesday, equity markets continued their upward trajectory, reaching new highs as investors showed interest in banking and financial stocks.Both BSE Sensex and Nifty50 saw record closing highs.
“We expect the market to maintain its positive momentum as we draw nearer to the event. Globally, investors would track US Consumer confidence data,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.
Nagaraj Shetti of HDFC Securities noted that the short-term trend of Nifty remains positive, with the market showing early signs of an upside breakout in the near term. The next upside levels to watch are around 24,000, with immediate support placed at 23,550.
In the US, stocks were mixed, with the Nasdaq rallying 1.3% on the strength of tech megacaps, while the Dow slipped as retailers weighed and investors awaited crucial inflation data due out this week. The Dow was down 0.76%, the S&P up 0.39%, and the Nasdaq rose 1.26%.
Asian shares fell as US Federal Reserve officials said they wanted more evidence of cooling inflation before lowering interest rates.
Stocks in the F&O ban today include SAIL, PNB, GNFC, and Indus Tower. Foreign portfolio investors turned net buyers at Rs 1,175 crore on Tuesday, while DIIs sold shares worth Rs 149 crore. The net long of FIIs increased from Rs 1.01 lakh crore on Monday to Rs 1.4 lakh crore on Tuesday.
On Tuesday, equity markets continued their upward trajectory, reaching new highs as investors showed interest in banking and financial stocks.Both BSE Sensex and Nifty50 saw record closing highs.
“We expect the market to maintain its positive momentum as we draw nearer to the event. Globally, investors would track US Consumer confidence data,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.
Nagaraj Shetti of HDFC Securities noted that the short-term trend of Nifty remains positive, with the market showing early signs of an upside breakout in the near term. The next upside levels to watch are around 24,000, with immediate support placed at 23,550.
In the US, stocks were mixed, with the Nasdaq rallying 1.3% on the strength of tech megacaps, while the Dow slipped as retailers weighed and investors awaited crucial inflation data due out this week. The Dow was down 0.76%, the S&P up 0.39%, and the Nasdaq rose 1.26%.
Asian shares fell as US Federal Reserve officials said they wanted more evidence of cooling inflation before lowering interest rates.
Stocks in the F&O ban today include SAIL, PNB, GNFC, and Indus Tower. Foreign portfolio investors turned net buyers at Rs 1,175 crore on Tuesday, while DIIs sold shares worth Rs 149 crore. The net long of FIIs increased from Rs 1.01 lakh crore on Monday to Rs 1.4 lakh crore on Tuesday.
