Sensex and Nifty continue to rise, buying increased at lower levels in banking-PSU stocks

Stock Market Today: Profit booking by investors increased after the Indian stock market hit an all-time high yesterday. Today, after opening with a decline, the Sensex came down to 81230.44. However, the latter rose 195.68 points to reach 81551.52. Nifty is also trading at the level of 24900. Market experts are optimistic that the stock market will continue to rise due to positive factors at the local and global level.

At 11.00 am, the Sensex was trading 307.45 points higher at 81663.15, while the Nifty was up 96.80 points at 24932.90. In the Sensex pack, Power Grid gained 3.86 per cent, NTPC 3.71 per cent, Tata Motors 2.95 per cent, Asian Paints 2.39 per cent and Bajaj Finserv 1.69 per cent. On the other hand, Ultra Tech Cement, TCS, Mahindra and HCL Tech shares fell up to 2 per cent.

The stocks of this segment rose today

In the sectoral index, PSU, oil and gas, energy and power sector stocks are in a bullish trend. Today, the PSU index rose by 1.29 percent, energy by 1.43 percent, oil and gas by 1.64 percent and power index by 2.29 percent. Buying in the shares of government companies continues. MMTC is trading 9.31 percent higher, BPCL by 5.02 percent, Cochin Shipyard by 4.36 percent, NTPC by 3.85 percent. Banking stocks also saw buying at lower levels and profit booking at higher levels.

276 stocks at the top of the year

In the morning session, out of a total of 3791 stocks, 2328 stocks advanced and 1319 declined till the time of writing the news on BSE. Today, another 276 stocks hit new highs of the year. 281 stocks hit upper circuit and 140 stocks hit lower circuit. 9 stocks recorded year's low. Investors' capital has increased by more than Rs. 1 lakh crore.