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Stock Market News: Sensex rose 800 points as soon as it opened, Nifty again crosses 17 thousand

For a second consecutive day, the Indian stock market rose sharply on Thursday. When the Sensex opened, it soared over 800, while the Nifty crossed 17,000 for the first time.

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This morning, Sensex gained 803 points to open at 57,620. As with Nifty, it opened at 17,203, up 228 points from its previous close. Today, investors’ confidence in the market was high, and they continued to buy. The Sensex rose 748 points to 57,564 by 9.35 am, while the Nifty rose 212 points to 17,187.

What was the sector’s performance?

The green mark was seen in almost all BSE sectors today. As of the beginning of trading, 1,676 shares were showing gains, while 331 shares were declining and 66 shares showed no change. The banking, capital goods, real estate, FMCG, pharmaceuticals, and PSU sectors have all seen growth of more than one percent.

Investing fiercely in these stocks

Today, investors bet heavily on banking stocks. Following this development, HDFC, UltraTech Cement, Axis Bank, Shree Cements, and Bajaj Finance saw their shares rise sharply. ONGC and IOC shares were suffering as a result.

Asian markets also opened up rapidly

On Thursday morning, Asian stock markets opened with gains. Singapore’s stock exchange is up 1.62 percent, while the Nikkei is up 3.59 percent. In addition, the South Korean stock exchange rose by 1.82 percent today.

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Share Market News: Share market collapsed, Sensex fell by 1,814 points and Nifty broke more than 500

Thursday (24 Feb 2022) was marked by a stock market collapse. The Sensex and Nifty started trading with big declines. Global markets are also under pressure because of the Russia-Ukraine crisis.

After the market opened, the Sensex dropped 1,814 points and opened at 55,418.45, down from 56 thousand. Additionally, Nifty also started trading at a loss of 514 points and opened below 17k at 16,548.90. Investing in bumpers was seen on both exchanges. As of 9.25 am, the Sensex was trading at 55,743, down 1,448 points. At 16,444, the Nifty was also trading 419 points lower.

Red mark on all sectors

On the BSE and NSE, there are declines in all sectors. Stocks in the auto, bank, FMCG, oil & gas, IT, energy, and real estate sectors are trading at losses of 2 to 4 percent. Midcap and smallcap stocks have also fallen up to 3 percent on the BSE. The Nifty Bank stocks have also fallen by 4 percent.

The Asian markets open with losses as well

During the Asian market opening on February 24, traders started trading with a fall. Singapore’s stock exchange opened with a loss of 1.65 percent and Japan’s with a loss of 1.12 percent. On top of this, there was a decline of 1.18 percent on the Stock Exchange of Taiwan and a fall of 1.72 percent in South Korea. Investors in India will definitely be affected by the fall in Asian markets.

Market volatility won’t cause the government to panic, Sitharaman made a big statement on LIC IPO

As a result of continuing volatility on the stock market and Russia-Ukraine tension, the government Life Insurance Corporation of India (LIC) is bringing an IPO. The government will not make any modifications to its IPO plan, according to Nirmala Sitharaman.

Ms. Sitharaman pointed out that the LIC IPO is receiving a lot of market enthusiasm and we will proceed. Moreover, the global situation has an impact on the market as well. However, given the current volatility, is it possible to postpone the IPO date? As the Finance Minister stated, investors are eagerly awaiting this and we are ready to take advantage of this.

Refuses to speak about NSE scam

In a press conference, asked about the controversies surrounding former NSE MD & CEO Chitra Ramakrishna, he said that the investigation will be handled by the market regulator SEBI, and when they do not have complete details, she cannot comment.

GST compensation was also a concern for the states

When it comes to states’ demands for more money to make up for GST collections being short, Sitharaman explained that there is no difference. To compensate for the decline in 2020, the states have been given separate loans in order to compensate for the GST Council’s decision. Furthermore, the period of recovery is done in the form of cess was also extended.

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Share Market News: The market recovered from the initial fall, Nifty crossed 17 thousand

Share Market News: The fear of a third wave of the Corona epidemic has grown in the wake of increasing Omicron incidents. The market fell upside down as soon as it opened on Monday. A one percent loss was seen in both the Sensex and Nifty in early trade.

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Both Sensex and Nifty remain near the red marks from the pre-open session. The Omicron pressure dominates the market. After the opening, Sensex was trading around 56,650 points, down one percent. Nifty was also down about one percent below 16,850.

During trading, the market made a comeback to some extent. By 11 o’clock in the afternoon, the Sensex had declined by about 70 points and the Nifty by about 30 points. Tech companies remain bullish, which has curbed the decline in the market to some extent. At 12 o’clock, the market returned to its green mark. The Sensex was up by about 100 points and the Nifty was trading beyond 17,000.

Over the past few years, Omicron cases have increased exponentially around the world. In view of this, many states have one after another returned to the path of restrictions. In many countries, Omicron cases exceed Delta cases. Investor sentiment has been affected as a result. A majority of Asian markets are in decline today.

The Sensex fell 190.97 points (0.33 per cent) to 57,124.31 on Friday, while the NSE Nifty fell 68.85 points (0.40 per cent) to 17,003.75. Last week, the market was bullish on three out of five days. The week started with a big fall on Monday, when many indices dropped by over two percent. There was a bullish phase in the market for three consecutive days after that, but it was controlled on the last day.

Over the weekend in China, the new cases of Covid-19 saw such a rapid increase after 21 months. Chinese city Xian is the new hotspot of Covid. In trading on Monday, Japan’s Nikkei fell 0.20 percent and South Korea’s Kospi declined 0.11 percent. The Shanghai Composite declined up to 0.40 percent during trading. Monday was a holiday for Hang Seng in Hong Kong.

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