Due to positive global cues, the stock market closed on green note on the third trading day of the week ie Wednesday. This is the eighth consecutive trading session when the market closed on the green mark. The Bombay Stock Exchange’s flagship index Sensex gained 0.73 percent to close at 43593.67, up 316.02 points. At the same time, the National Stock Exchange Nifty gained 0.93 percent (118.05 points) to close at 12749.15 level.
The index has recovered the entire loss in the year 2020. It closed at 41,306.02 on January 1, 2020. The impact of Joe Biden’s victory in the US election was clearly visible. According to analysts, further market volatility will continue. Hence investors should be cautious.
On Tuesday, there was an increase in markets around the world. The US market Dow Jones gained 0.90 per cent to close at 29,420.90, up 262.95 points. While the S&P 500 index lost 0.14 percent, it was down 4.97 points at 3,545.53. Yesterday, the European market also saw a boom. The UK’s FTSE index was up 1.79 per cent at 6,296.85. France’s CAC index was up 1.55 percent at 5,418.97.
Talking about the big stocks, today shares of Hindalco, Tata Steel, Doc Reddy, Axis Bank and Eicher Motors closed on the green mark. IndusInd Bank, Reliance, Titan, Asian Paints and Britannia shares closed at the red mark.
If we look at the sectoral index, today all the sectors except the media and PSU bank closed on the green mark. These include pharma, IT, FMCG, banks, private banks, finance services, realty, metals and autos.