Market buzzing with buying in telecom, auto, IT and tech groups – Dainik Savera Times
Mumbai: Buoyed by a surge in global markets as the world’s largest central bank indicated that the world’s largest central bank is close to ending its long cycle of rate hikes, investors bought locally across ten groups including CDs, financial services, IT, telecom and tech. The stock market remained bullish for the eleventh day today. BSE’s sensitive index Sensex jumped by 319.63 points to reach 67838.63 points and National Stock Exchange (NSE) Nifty rose by 89.25 points to reach 20192.35 points.
Like big companies, there was buying in medium and small companies also. Due to this, Midcap gained 0.09 percent to 32,505.37 points and Smallcap rose 0.27 percent to 37,828.56 points. During this period, shares of a total of 3786 companies were traded in BSE, out of which 1932 were bought while 1701 were sold while 153 remained unchanged. Similarly, 32 companies of NSE remained in the green while 18 were in the red. There was a bullish trend in ten groups of BSE.
During this period, shares of Telecom 1.67, Auto 1.48, CD 0.61, Financial Services 0.63, Healthcare 0.37, Industrials 0.12, IT 0.76, Banking 0.42, Consumer Durables 0.41 and Tech group remained strong by 1.07 percent. The trend of foreign markets was positive. During this period, Britain’s FTSE gained 0.62, Germany’s DAX 0.97, Japan’s Nikkei 1.10 and Hong Kong’s Hang Seng gained 0.75 percent, while China’s Shanghai Composite fell 0.28 percent.
