Stock Market Opening: The domestic stock market has started with a good start today and in the first 5 minutes of trade, Nifty is trading at the level of 58,127.68 with a gain of 333.36 points or 0.58 percent. On the other hand, trading is being seen above 17,308.00 in Nifty with a jump of 104.05 points or 0.6 percent. Global cues are somewhat strong today and due to its impact, the sentiment in the market remains strong.
Market in pre-opening
In the pre-opening, the move of the Sensex was light and it was seen trading at 57,849.76 with a jump of 55.44 points or 0.10 percent. On the other hand, NSE’s Nifty was trading at the level of 17244.50 with a gain of 40.50 points.
At what levels did the market close yesterday?
At the end of trading on Thursday, December 30, the Mumbai Stock Exchange’s index Sensex closed with a slight decline of 12 points at 57,794 and Nifty was down only 10 points at 17,203.
Nifty’s top gainers
If we look at the top gainers of Nifty, Hindalco is up 3.64 per cent and Axis Bank is up 2.54 per cent. Titan’s stock has gained 2.32 per cent. Kotak Mahindra Bank is trading with a gain of 1.91 percent and Tata Motors 1.72 percent.
Nifty’s top losers
NTPC is down 1.69 percent and Tech Mahindra is trading with a weakness of 0.58 percent. Dr Reddy’s Laboratories and Infosys are down 0.39 per cent. At the same time, a decline of 0.37 percent is being recorded in Wipro.
Look at Sectoral Index
Bank Nifty is trading with a great rise of 475 points and is trading at the level of 35,538. Bank Nifty is up 1.25 per cent. Metal is up 1.29 percent and auto stocks are trading with a gain of 1.25 percent. PSU banks, financial services have also climbed and the biggest jump of 1.6 per cent is being seen in consumer durables.