look news india
This morning’s start in the Indian stock market has been very good and positive. As soon as the opening bell rang, the domestic stock market was seen completely bathed in green. On the basis of strong global cues and all-round buying by domestic institutional investors, both the major indices Sensex and Nifty have gained momentum. As soon as the market opened, Bombay Stock Exchange’s sensitive index Sensex was seen trading with a huge gain of about 400 points, while National Stock Exchange’s Nifty has also crossed the important psychological level of 24,100.
There was a stormy rise in the shares of IT and realty sector
In today’s early trading, the maximum shine was seen in the stocks of IT (Information Technology) and Real Estate (Real Estate) sectors. Strong buying has been recorded in the shares of leading IT companies, which has given a big boost to the entire sector. Along with this, the realty index has also remained a rocket since this morning. Market analysts believe that due to good signals coming from global markets and better outlook of technology companies, investors are betting heavily on these sectors, which is further strengthening the market boom.
Global signals and local sentiments supported the market
The strong and positive signals coming from Asian markets this morning have boosted the morale of Indian investors. The direct effect of the rise in American markets was clearly visible on our domestic market today itself at the time of opening. Apart from this, strong economic data coming from the local and regional markets of the country and better estimates of corporate earnings have also worked to boost the market sentiment. Traders seem quite excited as there was all-round buying within the opening minutes.
Most movement is visible in these Nifty shares
The list of top gainers on Nifty in early trade includes IT and realty giants as well as some select banking stocks. The all-round outlook of the market looks quite strong as investors have shown interest in small and medium (Midcap & Smallcap) stocks also. Market experts say that if Nifty manages to maintain itself above the level of 24,100 today, then we may see more new records being created in the market in the coming trading sessions.
What is the expert opinion for investors and intraday traders today?
Looking at the current trend of the market, market experts and technical analysts say that today intraday traders should adopt the strategy of ‘buy on dips’ i.e. buying on every small fall. Now the level of 24,000 will act as a strong support for Nifty. Experts suggest that in today’s bullish environment, investors should keep a special focus on large-cap stocks along with IT and realty, but it is extremely important to strictly follow the stop-loss before any new investment.