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Stock Market Today: Indian stock markets were trading flat in the initial session. After opening with a decline, Sensex managed to cross the level of 73002.05 by rising 225.92 points. Till the time of writing the news, Nifty has also maintained the level of 22000.
Although the stock market closed on a positive note yesterday, investors are moving ahead with a cautious approach. Experts are predicting huge fluctuations in the market till the results of Lok Sabha elections. India Volatility Index was trading at 20.83, up 1.12 per cent today. Which again recorded a new yearly high of 21.88 in the opening session.
Profit booking in banking and FMCG stocks
Banking and FMCG indices are trading with losses today. Especially the impact of fall in the shares of private banks has been seen on Bankex. The index traded 0.22 per cent lower as FMCG shares also witnessed heavy selling. Shares in the IT and technology segment also declined.
FII selling
FIIA yesterday raised Rs. Sales of Rs 4498.92 crore. Foreign investors are taking advantage of the rising value of the dollar, pulling out investments and booking profits. However, yesterday Rs. The market closed with a loss of Rs 3562.75 crore. FII selling will continue even today.
Upper circuit on 215 shares, 119 shares at year's highest level
As of 10.52 am on BSE, out of total 3575 traded shares, 2402 shares were trading in favor of improvement and 1004 shares were in favor of decline. Today, 217 shares touched the upper circuit and 120 shares touched year's high. On the other hand, 150 shares hit lower circuit and 20-year low.
Sensex and Nifty status
At 11 am, Sensex was trading 100.11 points higher at 72876.24 and Nifty was trading 39 points higher at 22143.05. Investors' capital increased by Rs 1.69 lakh crore and BSE market cap increased to Rs 399.25 lakh crore.