Stock market update: The stock market is at an all-time high, the
Sensex rose over 500 points, the Nifty reached 14,300.
The Sensex is touching new high on the last trading day of the week. At half past one, the Sensex was trading at 48596.47 with a gain of 503.15 points, while the Nifty was trading 157.70 points at 14295.05.
The Sensex is touching new highs on the last trading day of the week. The Sensex was trading up 503.15 points at 48.596.47 on the one and half day of the day, while the Nifty was trading 157.70 points and was trading at 14,295.05 level. This is the highest level in the stock market so far. The Indian stock market rebounded during early trading on Friday due to strong signals from global markets.The Sensex jumped over 400 points to go above 48500 while the Nifty again touched a new peak. The Nifty climbed to 14,259 after opening at a record high. The Bombay Stock Exchange (BSE) 30-share major Sensex Sensex opened with a gain of 371.59 points at 48,464.91 from the previous session and rose to 48,503.71 while the Sensex was at a low of 48,365.58.
The National Stock Exchange (BSE) Nifty, a major sensitive index based on 50 stocks, opened 121.05 points higher at 14,258.40 from the previous session and rose to 14,259.15 while the Nifty closed at 14,221.65.
The country’s stock market has returned again due to strong resolutions from other markets in Asia. Experts say that there is a sharp trend in investors as they now focus on the possible improvement in economic activity worldwide rather than the increasing cases of corona virus and political instability in America.
Today, TCS, Cipla, Infosys, Dr. Reddy and ITC opened on the green mark in the major stocks in early trade. Hindalco, Tata Steel, HDFC Power Grid and JSW Steel opened at the red mark. In the sectoral index today all sectors opened on the green mark. These include pharma, IT, FMCG, metal, finance services, realty, PSU banks, banks, private banks, media and auto.
The domestic stock market started at the edge today on the previous trading day. The index Sensex opened at 48459.73, up 285.67 points (0.59 per cent). The Nifty opened 83.70 points (0.59 per cent) above the 14230 level.
Rupee is seven paise stronger against US dollar in early trade
The rupee fell seven paise to 73.38 against the US dollar during early trade on Friday due to the strengthening of the US currency and rise in crude oil prices. In the interbank foreign exchange market, the Indian rupee was in the range of 73.35-73.39 against the US dollar in early trade.