Share Market Opening Bell: The greenery of the domestic stock market returned; Sensex-Nifty jumped in early trade

New Delhi| After closing in the red yesterday, the domestic stock market started the new day with a positive trend. The markets opened on the green mark for the ninth consecutive trading day. Sensex rose 202.83 points to 77,491.33 in early trade, while Nifty was seen trading at 23,535.50 points, up 48.65 points. Also the rupee fell 20 paise to $85.90 against the US dollar in early trade.

Earlier yesterday also, greenery had remained intact in the domestic stock market. However, later the market closed on the lawn mark. The benchmark indices of the domestic stock market had closed in the red on Wednesday after gains in the last seven days. The 30-share BSE Sensex had closed down 728.69 points, or 0.93 per cent, at 77,288.50 points. It had fallen by 822.97 points, or 1.05 per cent, to 77,194.22 points during trading. NSE Nifty had fallen by 181.80 points or 0.77 per cent to 23,486.85. The rupee had closed 3 paise higher at 85.69 (provisional) against the US dollar.

The benchmark indices of the stock market saw a rise in early trading on Thursday, whereas there was a huge fall in the last session. Equity saw improvement due to continuous inflow of foreign funds and buying in blue-chip Reliance Industries. BSE’s 30-share benchmark Sensex climbed 202.83 points to 77,491.33 in early trade despite a weak start. The 50-share NSE Nifty climbed 48.65 points to reach 23,535.50 points.

Who benefits and who suffers?
Among Sensex stocks, Larsen & Toubro, Zomato, ICICI Bank, Axis Bank, NTPC, Titan, Power Grid and Reliance Industries saw the biggest gains. Tata Motors fell five percent after US President Donald Trump announced a 25 percent tariff on imported cars. Sun Pharma, Asian Paints, Mahindra & Mahindra, IndusInd Bank and Hindustan Unilever also saw a decline.

Condition of Asian and American markets
Foreign institutional investors (FIIs) bought shares worth Rs 2,240.55 crore on Wednesday, according to exchange data. Asian markets traded positively in Shanghai and Hong Kong, while Seoul and Tokyo recorded declines. American markets closed in the red on Wednesday. Earlier on Wednesday, BSE’s 30-share sensory index fell 728.69 points, or 0.93%, to close at 77,288.50 points. Nifty closed down 181.80 points or 0.77% at 23,486.85 points.