There is a boom in the stock market, know what can change in the market today

 New Delhi, Business Desk. The stock market got off to a good start on Wednesday. Sensex opened at 61,499 above the previous close of 61,350 points. Along with this, more than half a dozen stocks including Asian Paint, ICICI Bank saw a jump. NSE's main index Nifty also opened at 18,295 points, slightly above the closing of the previous session. After this, it also registered a rapid increase. Earlier on Tuesday, the trend of gains in the stock markets continued for the second consecutive trading session.

Ajit Mishra, Vice President - Research, Religare Broking said that the market is in profit. This is because of the positive global trend. The sentiment here is strengthened on the news of better quarterly results of the companies from the US markets. Indicators are further bullish in the market, but it will largely depend on the quarterly results of the companies.

Better quarterly results of companies and a positive global trend led the market to gain momentum. Traders said that apart from this, a firm rupee also supported the market sentiment. BSE's 30-share Sensex opened with a strong trend, but it went down in afternoon trading. However, it picked up speed again in the last hour. Finally, the Sensex closed at 61,350.26, up 383.21 points or 0.63 per cent.

Similarly, the Nifty of the National Stock Exchange gained 143 points or 0.79 per cent to reach 18,268.40 points. Among the Sensex companies, Tata Steel's stock rose the most by 3.92 per cent. Shares of Titan, Nestle India, Bajaj Finance, Tech Mahindra and Kotak Bank were also gainers.

Reliance Industries contributed nearly half of the market gains. On the other hand, IndusInd Bank, ICICI Bank, PowerGrid, Hindustan Unilever, Dr Reddy's and Axis Bank declined.

Vinod Nair, Head of Research, Geojit Financial Services, said domestic markets were swinging between profit and loss today on a strong opening and positive cues from global markets. However, the markets ended with gains on the back of heavy buying in auto, realty and metal stocks.

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