Stock Market Today: The stock market witnessed a bullish trend today due to positive factors at the global and local level. After remaining stable yesterday due to Raksha Bandhan holiday, today the Sensex and Nifty are moving ahead with attractive jumps.
After opening with a jump of 300 points, the Sensex rose 513.6 points to close at 80938.38, close to 81000. Nifty also touched 24734.30, close to the resistance level of 24750. At 11.00 am, the Nifty was trading at 113.30 points and the Sensex at 330 points. At the time of writing the news, investors' capital has increased by 4 lakh crores in the last two days.
IT-Techno stocks rise
IT and technology stocks have been on a rise for the last few days. The IT index is trading up by 0.99 percent and the technology index is up by 0.50 percent. Reliance and Infosys contributed more to the rise in the Sensex pack. On the other hand, there is also attractive buying in the shares of private banks. Indusind Bank is trading up by 2.46 percent, Axis Bank is up by 1.56 percent, Kotak Bank is up by 1.18 percent. HDFC Bank also rose by 0.42 percent.
Upper circuit in 285 stocks
Today, 285 stocks hit an upper circuit on BSE. While 152 stocks hit a lower circuit. Today, 244 stocks hit a new yearly high and 18 stocks hit a yearly low. Out of the total 3792 stocks traded, 2239 stocks were trading in favour of improvement and 1389 stocks were trading in favour of decline.