According to traders, buying in the rupee against the US dollar (US Doller) to complete deals, the market has gained momentum.
The stock market rally continued for the fourth consecutive day on Thursday in the midst of better quarterly financial results of companies. With this, the stock market started with green color.
The Bombay Stock Exchange’s major index opened at 1.03 per cent, a rise of 510.62 points. At the same time, the National Stock Exchange’s Nifty opened with a gain of 0.98 percent ie 145.40 points. During this period, the BSE level was at 50244.46 and Nifty at 15009.90. With this, there is a rise in 1151 shares at the beginning of the day and a decline in 201 shares. Apart from this, 43 shares remain on their status quo.
Condition of pre open market
According to traders, strengthening rupee against the US dollar and buying in the futures and options segment to complete deals before the contract ends, has given the market momentum. During the pre-open at 9.03 am, the Sensex was up 356.27 points (0.72 per cent) at 50090.11 while the Nifty was up 102.30 points or 0.69 per cent at 14966.80.
Pre-opening Sensex Update pic.twitter.com/irzWaywk3r
— BSE India (@BSEIndia) April 29, 2021
Bounce in the stock of these giants
During the initial trade, all the major stocks like IndusInd Bank, Bajaj Finserv, Reliance, HDFC, Bajaj Finance, HDFC Bank, ONGC, ICICI Bank, Nestle India, Maruti, Sun Pharma, Kotak Mahindra Bank etc. have opened on the green mark.
Business was up in the past as well
Earlier on Wednesday, the BSE Sensex had surged 790 points while the NSE Nifty had reached 14,850. The 30-share BSE index closed at 49,733.84 points, up 789.70 points or 1.61 percent. Similarly, the National Stock Exchange’s Nifty jumped 211.50 points, or 1.44 percent, to close at 14,864.55.