Stock Market Today: After closing on a positive note yesterday, the Indian stock market is continuing its upward trend today. The Sensex opened with a gain of 188 points at 77636.19. At 10.30 am, it is trading at 77534.99 with a gain of 234.91 points. At the same time, Nifty 50 is also going to make a new high by making a peak of 23618.10 till the time of writing the news. At 10.30 am, Nifty is trading at 23596.65, up 58.80 points.
Investors' capital increased by Rs 1 lakh crore
BSE Market Cap at 10.30 am: Rs 435.48 lakh crore. Increase of Rs 1 lakh crore. Market breadth has been positive due to stock specific gains. Out of 3740 stocks traded on BSE, 2257 rose and 1333 fell. 242 stocks hit 52 week high and 248 stocks hit upper circuit. 141 stocks hit lower circuit. Ashok Leyland, Astral Ltd, Axis Bank, ICICI Bank, JSW Infra stocks hit new yearly highs.
Index hits all-time high as smallcap stocks rally
On the back of an attractive rally and increased buying in smallcap stocks, the BSE Smallcap Index reached an all-time high of 52542.41. Out of the 998 stocks included in the Smallcap Index, 620 stocks have registered a gain of 5 to 16 percent. While 376 stocks are trading with a decline.
Banking-Fi. Stocks are likely to rise again today
Banking and financial services stocks continue to rise. Bankex rose 0.77 percent and financial services index improved by 0.54 percent. Capital goods also rose by 0.43 percent. The banking segment is witnessing a boom due to attractive volumes in private banks. Volumes have increased in HDFC Bank, Axis Bank, ICICI Bank, SBI, Yes Bank.