Market Movement Overview: Stock Market
The latest stock market update reveals that JSW Steel, Titan, Reliance, Tata Steel, HDFC Bank, and Infosys have shown early gains on the 30-share Sensex platform. Conversely, L&T, Maruti, NTPC, Nestle, IndusInd Bank, and TechM have experienced losses.
As the trading day commenced, both key equity benchmarks, Sensex and Nifty, exhibited an upward trend, aligning with positive global sentiment. At 10:10 am, the BSE Sensex surged by 227 points to reach 65,882. Simultaneously, the NSE Nifty50 displayed an increase of 70 points, reaching 19,765.
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Specifically, on the 30-share Sensex platform, early gainers include JSW Steel, Titan, Reliance, Tata Steel, HDFC Bank, and Infosys. On the flip side, L&T, Maruti, NTPC, Nestle, IndusInd Bank, and TechM are among the early losers. Notably, Titagarh Rail stock experienced a remarkable 10% surge following a significant deal with ABB India for the supply of propulsion systems for metro rolling stock projects.
The market breadth indicates that 2,061 shares advanced, 851 shares declined, and 109 shares remained unchanged.
In the broader market indices, both the BSE Midcap and Smallcap have gained 0.4% each.
Examining the sectors, all indices, except capital goods, are trading in the green. Realty, IT, and metal sectors have seen a rise of 0.5-1%.
Looking back at the previous session on Monday, the S&P BSE Sensex concluded with a 140-point decline, settling at 65,655. Similarly, the NSE Nifty50 closed at 19,694, down by 38 points.
