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New Delhi, 22 May (Hindustan Times). The domestic stock market is seen trading with gains today amid mixed global cues. Monday started with a slight weakness in the stock market, but due to the sharp buying of buyers in the early trade itself, the stock market managed to recover in a short time. The Sensex was trading higher by 0.25 per cent and the Nifty by 0.34 per cent after the opening hour trade.
After the first hour of trading, Adani Enterprises, Adani Ports, Divis Laboratories, Power Grid Corporation and NTPC were trading with a gain of 7.36 per cent to 1.82 per cent among the stock market heavyweights. On the other hand, IndusInd Bank, Eicher Motors, UPL, Hindalco Industries and Tata Consumer Products were seen trading with weakness ranging from 0.84 per cent to 0.52 per cent.
In the trading so far, there were active trading in 1,940 shares in the stock market. Of these, 1,149 stocks were trading in the green mark by earning profit, while 791 stocks were trading in the red mark by taking losses. Similarly, out of 30 stocks included in the Sensex, 22 stocks remained in the green mark with the support of buying. On the other hand, 8 stocks were trading in red mark under selling pressure. While out of 50 stocks included in Nifty, 36 stocks were seen trading in green mark and 14 stocks in red mark.
BSE’s Sensex started trading today at a level of 61,579.78 points with a weakness of 149.90 points. As soon as the market opened, the buyers became active and started buying, due to which this index made its place in the green mark in a short time. Shortly before 10 o’clock with the support of continuous buying in the market, the Sensex jumped by about 400 points from the lower level to reach 61,989.32 points.
However, after this the index also declined due to profit-booking. The Sensex was trading at a level of 61,883.56 points with a gain of 153.88 points at 10:15 am after the initial 1-hour trading amid continuous buying and selling in the market.
Similarly, the NSE’s Nifty today opened at a level of 18,201.10 points with a slight decline of 2.30 points. Due to the buying started in the early trade itself, this index also made a sharp jump and reached the level of 18,294.95 points with a strength of about 90 points shortly before 10 am.
But after this, due to the selling started due to profit booking, this index also slipped below the upper level. Nifty was trading at a level of 18,271.30 points with a gain of 67.90 points after the first 1-hour trading between continuous buying and selling in the market.
The domestic stock market started trading with weakness in the pre-opening session today amid mixed global cues. In this session, the BSE Sensex was at a level of 61,400.75 points, down 328.93 points, or 0.53 percent. On the other hand, the Nifty reached the level of 18,102 points with a weakness of 101.40 points, or 0.56 percent, in the pre-opening session.
Earlier, on Friday, the last trading day of last week, the Sensex gained 297.94 points, or 0.48 percent, to close at 61,729.68 points. On the other hand, the Nifty ended Friday’s trading at 18,203.40 points, up 73.45 points, or 0.41 percent.
