The stock market closed higher on Tuesday, the second trading day of the week, due to positive signals from domestic and global markets. The Bombay Stock Exchange's flagship index Sensex closed at the level of 50296.89 with a gain of 447.05 points, or 0.90 percent. At the same time, the National Stock Exchange's Nifty closed at 14919.10, up 157.55 points, or 1.07 percent.
Analysts said investors' sentiment remained strong as the third quarter GDP figures reached a positive range. Along with this, the return of peace in the bond market after last week's upsurge in global markets has also increased the buying of investors.
Such was the situation of veteran shares
Talking about the big stocks, shares of M&M, Tata Motors, Wipro, Adani Ports, and Hero MotoCorp closed on the green mark today. On the other hand, ONGC, HDFC, Doc Reddy, Power Grid, and Coal India shares closed at the red mark.
Sectoral index tracking
If we look at the sectoral index, today all the sectors, except PSU bank, closed on the green mark. These include Finance Services, FMCG, IT, Banks, Pharma, Private Banks, Metal, Auto, Media, and Realty.
Nine out of the top 10 companies increased market capitalization
Last week, the market capitalization of nine of the top 10 companies of the Sensex fell by Rs 2,19,920.71 crore. Last week, the 30-share BSE Sensex fell by 1,786 points or 3.46 percent. Among the top 10 Sensex companies, only Reliance Industries' market valuations rose. Reliance Industries ranked first in the list of top 10 companies of SENSEX. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, SBI, and Bajaj Finance respectively.
The market will be affected by these factors this week
In the long run, the trend of realization on bonds, crude oil prices, and macroeconomic data will decide the direction of the stock market this week. Analysts have expressed their opinion that after several days of decline in the stock markets, now investors will remain somewhat 'calm'. Apart from this, investors will also be looking at the investment trend of foreign portfolio investors (FPIs), vehicle sales data for February, service and manufacturing data. Along with this, the direction of the coronavirus in different states can also affect the direction of the market.
The market was open with an increase
The Sensex opened 296.31 points (0.59 percent) higher at 50,146.15 in early trade. At the same time, the Nifty opened at 14,849.30, up 87.80 points, or 0.59 percent.