Due to positive factors at the global and local levels, the stock market witnessed a bullish trend today. After remaining flat yesterday due to Rakshabandhan holiday, Sensex and Nifty are moving ahead with attractive bounce today. The Sensex opened 513.6 points higher at 80938.38, close to 81000, after opening with a jump of 300 points. Nifty also touched 24734.30 near the resistance level of 24750. At 11.00 am Nifty was trading at 113.30 points and Sensex at 330 points. Investor capital has increased by 4 lakh crore in the last two days till the time of writing. IT and technology stocks have been bullish for the past few days. The IT index is trading up 0.99 percent and the technology index is trading up 0.50 percent. Reliance, Infosys contributed more to the surge in the Sensex pack. On the other hand, the shares of private banks are also buying attractively. IndusInd Bank 2.46 percent, Axis Bank 1.56 percent, Kotak Bank 1.18 percent are trading up. HDFC Bank also rose by 0.42 percent.
Upper Circuit in 285 shares:
285 shares hit the upper circuit today at BSE. While lower circuit was registered in 152 shares. 244 stocks hit new yearly highs and 18 stocks hit yearly lows today. Out of the total traded 3792 shares, 2239 shares were in favor of improvement and 1389 shares were being traded in favor of decline.
