Sensex and Nifty turned unstable on Wednesday amidst increasing tension in between US and Iran however Trump’s positive comments helped markets worldwide to eliminate losses and sell green
Sensex opened 400 points greater at 41,216 versus previous close of 40,817. Cool gotten 128 points to open at 12,153 compared to previous close of Rs 12,025 Benchmark indices Sensex and Nifty saw a relief rally today after United States President Donald Trump prevented any military action on Iran in action to missile attack on two United States bases in Iraq. Sensex and Nifty turned unpredictable on Wednesday amidst rising stress in between US and Iran but Trump’s positive remarks helped markets worldwide to erase their losses and sell green. Here’s a take a look at ten things to understand about the rally in Sensex and Nifty today:
- Sensex opened 400 points greater at 41,216 against previous close of 40,817. Nifty acquired 128 points to open at 12,153 compared to previous close of Rs 12,025. In afternoon trade, Sensex acquired 636 points to strike 41,453. Clever too increased 189 points to touch a high of 12,214.
- IndusInd Bank, ICICI Bank and SBI were leading Sensex gainers. TCS, HCL and NTPC fell the most on Sensex.
- Bharti InfraTel, JSW Steel and Tata Motors were the top Nifty gainers. TCS, Coal India and HCL Tech were leading losers on the index.
- Market breadth was favorable with 1,708 stocks increasing against 584 falling on BSE. On Nifty, 42 stocks rose against eight trading in the red.
- On Wednesday, Sensex closed 51 points lower at 40,817 and Nifty lost 27 indicate 12,025.
- Mid cap and little cap indices were trading 220 points greater at 15,094 and 217 points greater at 14,091 on BSE.
- Banking and consumer durables stocks led the gains with their BSE indices increasing 768 points and 385 points, respectively.
- On a net basis, foreign portfolio financiers (FPIs) sold shares worth a net of Rs 515.85 crore on Wednesday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 748.4 crore, provisionary data available with NSE showed.
- 195 stocks struck their upper circuits compared to 155 reaching their lower circuits. 69 stocks hit their 52 week high against 62 being up to their 52 week short on BSE.
- Asian markets increased following Trump’s positive remarks. Tokyo’s Nikkei 225 rose 2.2% to 23,714.16 and Hong Kong’s Hang Seng included 1.1% to 28,407.91. The Shanghai Composite Index included 0.6% to 3,085.34. Seoul’s Kospi rose 1.2% to 2,175.55 and Sydney’s S&P-ASX 200 included 0.7% to 6,864.
By Aseem Thapliyal
