Indian stock markets witnessed a boom for the second consecutive day on 29 January, with the Nifty closed above 23,150. Upon the market shutdown, the Sensex rose 631.55 points or 0.83% to 76,532.96, while the Nifty closed at 23,163.10 with a gain of 205.85 points or 0.90%.
By the end of the day, the market was shocked to show up, as 42 out of 50 of Nifty 50 closed with a gain. Shriram Finance, Bharat Electronics, Tata Motors, SBI Life and Trent recorded the maximum lead and these shares rose to 3.98%. At the same time, Bharti Airtel, ITC Hotels, Maruti Suzuki India, Britannia and Asian Paints were included in 8 shares that were closed with disadvantages, which saw a decline of up to 3.53%.
The broad market performed better than the benchmark index, closing the Nifty Smallcap 100 index to close by 3.32%, while the Nifty Midcap 100 recorded a 2.31% gain.
The Indian stock market started with an edge today, tracking the global market boom. The 30 -share BSE Sensex opened 236.83 points or 0.31 percent to open at 76,138.24. At the same time, the NSE Nifty-50 was opened at 23,026.75 with a gain of 69.50 points, or 0.3%.
How was the market move yesterday?
In the last trading session, the stock market had a break on the ongoing decline for two days. The benchmark index Sensex and Nifty closed on Tuesday. The RBI has decided to insert cash in the financial system, causing heavy purchases in the shares sensitive to banking and interest rates.
The 30 -share BSE Sensex climbed 535.24 points or 0.71 percent to close at 75,901.41 points. At the same time, NSE Nifty with 50 shares rose 128.10 points or 0.56 percent to close at 22,957.25 points.