Share Market Opening on 3 July: Amid strong global support, the domestic stock market created a new history on Wednesday. As soon as trading began today, the Sensex jumped by more than 570 points and crossed 80 thousand points for the first time in its life.
Although the market’s momentum slowed down in the first few minutes of trading, a new record of lifetime high level was made before that. Before the momentum was curbed a little, the Sensex touched a new peak of 80,039.22 points and the Nifty touched a new peak of 24,291.75 points. At 9:20 am, the Sensex was trading near 79,800 points with a gain of 358.44 points (0.45 percent). At the same time, the Nifty was near 24,232 points with a gain of 107.80 points (0.45 percent).
The market rose till here in pre-open
The BSE Sensex had jumped more than 750 points in the pre-open session and crossed 80 thousand points and reached close to 80,200 points. Nifty had reached close to 24,300 points with a gain of about 170 points. Before the market opened, the Nifty future in Gift City was close to 24,340 points with a gain of about 140 points. It was indicating that the market could have a great start today and create new records.
There was a slight decline on Tuesday
Earlier on Tuesday, the domestic market witnessed a slight decline. The BSE Sensex slipped marginally by 34.73 points (0.044%) to close at 79,441.45 points. On the other hand, the NSE Nifty slipped 18.10 points (0.075%) to close at 24,123.85 points. Earlier this week, the market had set a new high record. The Sensex touched a new high of 79,855.87 points and the Nifty50 touched a new high of 24,236.35 points.
Green environment in global markets
The domestic stock market is getting support from the global markets. On Tuesday, all the indices on Wall Street were in the green zone. Dow Jones Industrial Average rose by 0.41 percent, S&P 500 by 0.62 percent and Nasdaq by 0.84 percent. Today Asian markets are also strong. In early trade, Japan’s Nikkei is up 0.84 percent, while Topix was up 0.08 percent. South Korea’s Kospi was up 0.26 percent and Kosdaq was up 0.5 percent. However, Hong Kong’s Hang Seng was showing signs of starting with losses.
Banking shares strong, pressure on IT
Banking stocks are showing a great uptrend in early trade. HDFC Bank’s stock on the Sensex was the biggest gainer with a gain of almost 3%. Kotak Mahindra Bank was also in profit of more than 1%. Stocks like Bajaj Finance, ICICI Bank, Bajaj Finserv, IndusInd Bank, SBI were in the green zone. On the other hand, Sun Pharma was the biggest loser with a loss of 0.60%. IT stocks like TCS, Tech Mahindra, Infosys were also in loss in early trade.
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