The stock market is doing business with a boom
Monday's boom is visible in the stock market on Tuesday.
In the morning trade, both the major indices are trading with the green mark.
The Sensex is seeing a gain of 161 points and is trading at 57815, while the Nifty is trading at 17030, up 44 points.
Let us tell you that the decline in the local stock markets for the last two trading sessions came to an end on Monday and the BSE Sensex closed with a gain of more than 126 points.
Reliance Industries, Maruti Suzuki and State Bank of India, which were major contributors to the index amid a strong opening in European markets, strengthened the market. According to traders, investors turned cautious amid stress in the US and European financial systems. attitude was adopted.
The thirty-share BSE Sensex closed at 57,653.86 with a gain of 126.76 points, or 0.22 percent.
During the trading, it went up to 58,109.55 points in high and came down to 57,415.02 points in the bottom.
The National Stock Exchange's Nifty also closed at 16,985.70 points, up 40.65 points, or 0.24 percent.
Of the 50 Nifty stocks, 27 were in profit.
Reliance Industries was the biggest gainer in the Sensex by 1.54 per cent.
Apart from this, Maruti Suzuki, Sun Pharma, State Bank of India, UltraTech Cement, Infosys, Kotak Mahindra Bank, Hindustan Unilever, ITC and HDFC Bank were major gainers.
On the other hand, PowerGrid, Axis Bank, Mahindra & Mahindra and Tata Motors were among the losers.
A rise in the rupee against the dollar also boosted market sentiment.
However, the rally was capped as foreign portfolio investors continued to withdraw funds.