Stock Market LIVE Update: update of stock market news.
Stock Market News Update: The domestic stock market today set a record high amid better global cues. The closing of the market also took place at a record high. In today’s business, the Sensex crossed the 47700 levels for the first time and reached the level of 47,714.55. At the same time, the Nifty also crossed the 13950 levels for the first time. The market has got support from banks and IT shares.
However, there was pressure in the metal. At the end of trading, the Sensex has gained 259 points and closed at the level of 47613. At the same time, the Nifty has gained 59 points and closed at the level of 13933. IndusInd Bank, Axis Bank, and Tech Mahindra have been the top gainers. Nestle and NTPC were the top losers. Talking about global signs, the relief package in the US markets has been increasing rapidly. At the same time, Asian markets have also seen an increase.
15 stocks of Sensex 30 rise
In today’s trading, 15 stocks of Sensex 30 have seen a boom. IndusInd Bank is up 5 percent and Axis Bank is up 2 percent. Tech Mahindra, HDFC, ICICI Bank, HCL Tech, HDFC Bank, and SBI are today’s top gainers. Nestle India, NTPC, PowerGrid, Dr. Reddy’s, RIL, and ONGC have been the top losers.
Bank and IT shares rise
In today’s business, banks and IT shares have seen good growth. Of the 11 major indices on the Nifty, 7 have closed in the green mark. The bank index and financial index are up more than 1 percent. The metal index has weakened by 1 percent. The IT index has been up about 0.72 percent. The FMCG index closed in the green mark, while the Pharma, Auto, and Realty index closed in the red mark.
Big order to L&T
Construction company L&T has received a large order in the range of 1000-2500 crores in Chhattisgarh.
Pressure in Gold, Silver
Today pressure is visible in gold Gold has slipped below Rs 50,000 on MCX. Its price on Comex is around $ 1875. However, another package is expected to be supported in the US. There is sluggishness in silver today. Silver has slipped below 68,500 on MCX.
Brent crude crosses $ 51
Brent Brood is seen beyond $ 51. The expectation of another new package has increased in America. Demand will also increase due to the final Brexit deal. However, there is some pressure from the news of increased production by OPEC and allied countries.
IT shares rise
IT stocks continue to boom. The Nifty IT index has reached new record levels. With the start of the buyback, Wipro is seeing a rise of 2 percent.
The entry of a new strain of Corona virus in India
There is cautionary news on the Coronavirus. Now in India too, a new strain of coronavirus has been entered. A total of 6 cases of the new coronavirus have been found in India. All these people returned from England. According to the news agency, the Health Ministry has given this information. Out of these, a new strain has been found in three lab samples from Bangalore, 2 Hyderabad, and one Pune. Genome skewing was done for people coming from the UK, the report of which has been released on Tuesday. In which different sections were tested in different labs.
Wipro’s share buyback will open today
From today, Wipro’s share buyback of Rs 9500 crore is opening. Will be able to tender shares till January 11. The share buyback price is 400 rupees.
Tesla’s entry into India soon
Electric car company Tesla is preparing to enter India. Transport Minister Nitin Gadkari has said that the company will start operations in India next year.
Due to better global signals, the Sensex and Nifty are seeing a boom in the pre-open session. In the pre-open session, the Sensex is seeing a gain of 123 points and is at a level of 47,476.62. At the same time, the Nifty is also up by 10 points and it has reached the level of 13,882.40.
Mixed Trends in Asian Markets
Today, Asian markets are also seeing a boom. SGX Nifty is up 0.34 percent and Nikkei 225 is up 1.48 percent. Straight Times is up 0.17 percent and Hangseng is up 0.89 percent. Weaknesses are seen in Taiwan weighted by 0.10 percent and Kospi by 0.27 percent. Shanghai Composite has a slight weakness of 0.15 percent.
The boom in US markets
Today there are strong signals from global markets. The Dow Futures is seen up about 100 points. At the same time, there was a good boom in American markets in Monday’s business. The US $ 900 billion Corona package has been implemented and a new package is under discussion. On Monday, the Dow Jones gained 204 points, while Nasdaq closed up by 95 points. The S&P 500 index gained 32 points.