look news india
Stock Market Today: After falling for five consecutive trading sessions, the Indian stock market is trading with gains today. After falling by 1304.38 points in the last five days, the Sensex was trading with a jump of more than 600 points today. Nifty also crossed the level of 24500 and reached 24634.35.
At 11.08 am, Nifty was trading at 227.45 points and Sensex at 634.64 points. Investors' capital increased by 5.32 lakh crores. On BSE, 256 stocks reached the highest level of the year and 307 stocks hit the upper circuit. Shares of Alembic Limited, Ashok Leyland, Eicher Motors, Crompton, Amerland, Eris Pharma, Fortis, MMTC among others reached the highest level of the year.
Selling pressure in banking stocks
Selling pressure was again seen in banking stocks in the stock market today. There have been reports of large-scale profit booking in private sector banks. Shares of Yes Bank, Kotak Mahindra Bank, SBI, IndusInd Bank, Bank of Baroda are trading with a jump of more than 1 percent. While shares of Federal Bank, Axis Bank, HDFC Bank, Canara Bank are trading with a decline of 0.09 percent to 3.49 percent.
There was a continuous upward pressure in the stock markets. Therefore, after five consecutive days of correction, investors have seen a recovery from the lower levels to increase buying today. Globally, the stock market has seen a mixed response. European markets remained down, while Asian markets showed improvement.