The Indian stock market kickstarted with promising momentum, bolstered by support from Bank Nifty. Media coverage and auto shares have contributed to its upward trajectory, with Tata Technologies’ IPO listing scheduled on both BSE and NSE, eagerly awaited by investors at the morning bell.
Analyzing the Market Open
In the opening bell, BSE Sensex surged by 61.30 points, peaking at 66,963 levels, while NSE Nifty, staying upbeat, opened at 20,108 levels, marking a rise of 11.90 points.
Sensex Stocks Snapshot
Out of Sensex’s 30 stocks, 18 are on the rise, while 12 witness a downturn. Leading the gainers is UltraTech Cement, climbing by 2.05% due to recent acquisitions, boosting its market standing. Other gainers include MMTC by 1.91%, Axis Bank by 1.52%, Vipro by 0.95%, and HUL with a rise of 0.85%.
Nifty Stocks Update
Among Nifty’s 50 stocks, 35 are experiencing an upsurge, with 15 observing a decline. Hero MotoCorp remains a top gainer, soaring by 3.16%, followed by UltraTech Cement at 1.78%. BPCL at 1.66%, SBI Life at 1.45%, and MMTC at 1.24% are also performing well.
Top Losers in Nifty
Adani Stocks are experiencing a downturn today, with Adani Enterprises dropping by 1.40% and Adani Ports down by 0.75%. Hindalco dropped by 1.09%, and Tata Motors slipped by 0.76%. NTCP lost 0.72% in its value.
Pre-Open Market Movement
In the pre-opening session, BSE Sensex surged by 58.20 points at 66,960 levels, while NSE Nifty saw a marginal increase of 1.15 points at 20,097 levels.
