Stock market: Sensex closed above 49200, slight upturn in Nifty


The market gained marginally on the second trading day of the week today. The Bombay Stock Exchange's flagship index Sensex closed at 49201.39, up 42.07 points, or 0.09 percent. At the same time, the National Stock Exchange's Nifty closed at 14683.50 with a slight rise of 45.70 points i.e. 0.31 percent. The BSE 30-share Sensex gained 1,021.33 points, or 2 percent, in the previous week with a short trading session.

These factors will decide the direction of the market this week

The direction of the stock markets will be decided this week by the Reserve Bank's monetary review, macroeconomic data, Kovid-19 transition stance, and global cues. Analysts have expressed this opinion. Analysts said the quarterly results for the companies would start in mid-April. In such a situation, there may be some integration in the market before this. Apart from this, the manufacturing and services sector PMI figures are due this week. This will also affect the market sentiment.

Such was the situation of veteran shares

Talking about the big stocks, today the shares of Adani Ports, Tata Consumer, SBI Life, Asian Paints, and JSW Steel closed on the green mark. On the other hand, shares of Power Grid, Grasim, Eicher Motors, Axis Bank, and Ultratech Cement closed on the red mark.

Sectoral index tracking

If we look at the sectoral index, today all the sectors except the private bank, media, PSU bank,s, and the bank closed on the green mark. These include Metal, IT, Pharma, Realty, Auto, Finance Services, and FMCG.

The market was open on the green mark

The Sensex opened 77.68 points (0.16 percent) higher at 49237.00 in early trade. At the same time, the Nifty opened at 14643.20 with a slight rise of 5.40 points i.e. 0.04 percent.

The stock market closed on Monday with a fall

On Monday, the Sensex closed down 870.51 points, or 1.74 percent, at 49159.32. The Nifty closed 229.55 points, or 1.54 percent, down at the level of 14637.80.