Business Desk: The stock market opened higher today due to strong domestic data. In early trading, the Sensex crossed 49,700 for the first time. Shares of public sector banks, auto and metal stocks are at the forefront. Similarly, the Nifty index is also trading above 14,600. Today, IT major companies Wipro and Infosys will present the December quarter results.
BSE Sensex is trading up 190 points at 49,707.42 at 10:07 am in the Sensex. Bharti Airtel's stock is trading up 5.24% in the index. Similarly, ONGC and SBI shares are also trading up over 3-3%. Shares of 2,527 companies are traded on the exchange. In this, 1,543 shares are trading with an increase. Total market cap of listed companies has crossed Rs 198.32 lakh crore due to all-round rise.
Heavily in state-owned banks share
Nifty index on NSE 64.15 points to trade above 14,627.60. Bharti Airtel is the top gainer in the index. Similarly, shares of BPCL and IOC are also trading up 4-4%. The Nifty PSU Bank Index is up over 2%. On the other hand, Shree Cement's stock is trading below 1%.
Big reason for market boom
The Corona vaccine vaccination in the country will begin this week.
Most indices in the global markets closed higher.
The rise in major market shares is supporting the rally.
According to NSDL, foreign investors invested a total of Rs 13,771 crore in the equity market till January 12.
Flattening business in global markets:
Continuing positive news about the Corona vaccine, there is flat business in global markets. South Korea's Kospi index is trading up 0.50% in Asian markets on Wednesday. However, Hangseng, Nikkei and Shanghai Composite Index are trading flat. There was a slowdown in US markets yesterday. The Nasdaq index was up 0.28%. At the same time, there was a slight decline in the markets of Europe.
The domestic stock market closed
yesterday at 49,517.11, up 247.79 points. Banking and auto stocks were at the forefront of the market boom on Tuesday. Most of the purchases were recorded in shares of public sector banks. Similarly, the Nifty index also closed at 14,563.45, up 78.70 points. Tata Motors shares closed up 8% in this. According to NSDL, as of 12 January, foreign investors have invested a total of Rs 13,771 crore in the equity market in 2021.