Strong start of stock market, Sensex jumps by 946 points, these Nifty stocks become rockets

After three consecutive days of big decline, the stock market has started strongly today. The BSE Sensex has jumped 946.97 points to open at 79,540.04 points. At the same time, NSE Nifty50 has gained 296.85 points to reach 24,289.40 points. 50 out of 50 Nifty stocks are trading in the green. IndusInd Bank, Apollo, and BPCL are seeing good growth. Let us tell you that on Tuesday, the initial momentum could not be sustained in the volatile trading in the stock markets and the BSE Sensex closed with a loss of 166 points. Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company said that we anticipate that the market will remain volatile due to global uncertainties.

Shares of these companies rose

Among the 30 companies listed on the Sensex, Maruti, Infosys, UltraTech Cement, Adani Ports, JSW Steel, and HCL Technologies made the most profit. Shares of Asian Paints, Kotak Mahindra Bank, Bharti Airtel, and Titan declined. In the Asian markets, Hong Kong’s Hang Seng, South Korea’s Kospi, Japan’s Nikkei-225, and China’s Shanghai Composite made gains. 

Foreign investors sold

US markets closed with gains on Tuesday. Global oil benchmark Brent crude futures were trading 0.14 percent higher at US$ 76.59 per barrel. According to stock market data, foreign institutional investors (FIIs) remained sellers in the capital market on Tuesday and sold shares worth Rs 3,531.24 crore net.