look news india
Stock Market Today: The Indian stock market bounced back today after the consolidated average contraction in the last two days. The Sensex rose 253 points in the morning session. At the same time, the Nifty is also moving towards correction. The market has seen a rise due to increased buying in auto, pharma and FMCG stocks.
Today, the Sensex opened with a gain of 146.83 points and touched a high of 80213.38 points. Shares of HDFC Bank, Maruti Suzuki and ITC led the Sensex to a rise on the basis of volume. At 10.30 am, the Sensex was trading 170.31 points higher at 80130.69 and the Nifty was 32.70 points higher at 24353.25.
In the last one year, midcaps have increased by 65 percent and smallcaps have increased by 39 percent
Compared to largecap, smallcap and midcap stocks have seen a great growth. Midcap has grown by 65 percent in the last one year. Which was at an annual minimum of 28927.17 on 11-July-23. The smallcap index is also trading strongly with a gain of 75 points today. Which has increased by 39.42 percent from its annual low in one year. Largecap also touched a record high of 9583 points today. Which is 34.25 percent more in nine months from its annual low.
Sectoral Indices: Today, auto-pharma stocks are in favor of improvement while IT, techno stocks are showing a declining trend. As soon as the market opened, energy, FMCG, capital goods, midcap indices reached record highs. However, later profit booking increased in energy stocks. Auto index is trading up 1.09 percent, consumer durables up 1.25 percent.
