Stock Market Today: Sensex Rises 73 Points, Nifty Trades Above 24,650 In Opening Trade
The BSE Sensex rises by 73.2 points to close at 80,781.25 in the opening trade, while the NSE Nifty is trading marginally higher by 11.2 points to trade at 24,661.31.
Sensex Today.
The domestic equities market on Wednesday opened in green marginally ahead of the RBI MPC policy. The BSE Sensex rose by 73.2 points to close at 80,781.25 in the opening trade, while the NSE Nifty was trading marginally higher by 11.2 points to trade at 24,661.31.
Among the 30 companies on Sensex, 19 stocks were trading in green. Among the top gainers were Adani Ports, Trent, Bharti Airtel, Kotak Mahindra Bank, and BEL rising by up to 1.72%.
On the other hand, among the laggards were Sun Pharma, Infosys, Eternal, HCL Tech, and Tech Mahindra.
In the broader markets, the midcap and smallcap indices were also down by 0.17% and 0.30%, respectively.
Slippage past 24670 rendered the trend sideways yesterday. Despite bargain hunting lifting Nifty later in the day, momentum failed to sustain. 'Not surprisingly, only about 43% of Nifty 500 constituents closed above their respective VWAP signalling a negative bias. Yet, we believe that the 24450-24850 band needs to be broken for directional trades to emerge, with 24540-727 seen as a sideways range," said Anand James, chief market strategist of Geojit Investments Ltd.
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