English
English
English
On Monday, August 25, the Indian stock market opened on a strong note, with Sensex rising 250 points and Nifty crossing 24,900. A rally in IT stocks like Infosys and TCS boosted sentiment. Broader markets also saw gains amid global optimism and hopes of economic recovery in India.
Strong rise in domestic stock market, enthusiasm among investors (Image Source: Internet)
New Delhi: On Monday, August 25, the Indian stock market started trading with a tremendous boom. The Bombay Stock Exchange (BSE) key index Sensex opened with a jump of about 250 points, while the National Stock Exchange (NSE) Nifty crossed the 24,900 level.
This rise was mainly due to the strong rise in the shares of IT and technology companies. Major IT stocks like Infosys, TCS, Tech Mahindra and HCL Tech performed well in early trade, boosting investor confidence.
Parineeti Chopra to become a Mom! Husband Raghav Chadha shares adorable announcement video
The Sensex opened at 81,501.06 against the previous close of 81,306.85 and reached 81,592.47 in no time. Similarly, the Nifty opened at 24,949.15, rising above the previous close of 24,870.10 and later touched the level of 24,961.35.
After the decline recorded at the end of last week, this boom in the market on Monday raised new hopes among investors. With this positive start of the market, the shares of about 1845 companies were trading in the green mark, while the shares of 793 companies were in the red mark.
No significant fluctuations were seen in the shares of 224 companies. It is clear from this that the main trend of the market remains positive. Apart from the IT sector, the shares of other large and mid-sized companies also saw a rise.
Stocks like Bajaj Finance, Tata Steel and Tata Motors registered a gain of about 1%. In the midcap segment, shares of JSL, Mphasis, OFSS and Yes Bank saw a jump of 2.50% to 4.73%. Investors' interest also increased in the shares of small companies, with shares of companies like TNPL and JK Paper rising up to 13%.
“Why did you leave me?”, Nikki’s husband posts viral Instagram plea of innocence before arrest
Analysts believe that this boom was seen amid improvement in global markets and expectations of economic recovery in India. The strong performance of the IT sector also supported the market.
However, investors are advised to consult their financial advisors before making any investment decision. If this positive trend continues, the market may go up further in the coming days.
