Monday , January 6 2025

Stock market surges after Modi government 3.0's swearing in, Sensex crosses 77000, Nifty also at historic high

Stock Market Today: After the swearing-in ceremony of Modi Government 3.0, as soon as the picture of the government became clear, there was a stir among the investors. Indian stock markets opened at record highs. A positive momentum has been seen at the global level.

The Sensex touched an all-time high of 77079.04 today after opening at a record high of 76935.41. However, the latter was trading 49.98 points lower at 9.50 am. The latter was trading 138.81 points higher within three minutes. The Nifty also recorded an all-time high of 23411.90. At 9.50 am, the Nifty was trading flat at 23291.60 after opening with a jump of 105 points.

As soon as the market opened, 200 stocks hit an upper circuit

As soon as the market opened, 200 stocks saw an upper circuit while 72 stocks saw a lower circuit. 196 stocks recorded their 52-week high and 18 stocks recorded their lowest level of the year. At the time of writing the news, 2399 stocks were trading in favour of improvement and 940 stocks were trading in favour of decline.

Status of stocks included in the Sensex pack

Out of the 30 stocks in the Sensex pack, 17 stocks advanced and 13 stocks declined. Power Grid was up 3.38 per cent, UltraTech 2.32 per cent, Axis Bank 1.95 per cent, Reliance 1.21 per cent and NTPC 1.11 per cent. Tech Mahindra was down 2.28 per cent, Wipro 1.74 per cent, Infosys 1.61 per cent, HCL Tech 1.23 per cent and Titan 1.12 per cent.

Profit booking in IT-techno stocks

Taking advantage of last week's rise in IT stocks, investors are booking profits. As a result, IT-techno stocks have seen a decline of up to 5 percent today. The BSE Tech Index is trading down 1.29 percent. Shares of top IT companies TCS, Infosys, HCL Tech, Wipro are trading down 2 to 3 percent.