Share Market Opening on 11 October: The domestic stock market has made a great start to the business on Wednesday. In the initial session, both the major domestic indices BSE Sensex and NSE Nifty are in a significant rise. Initial trends are indicating that today the market may remain strong for the second consecutive day.
At 9:15 am, the Sensex opened with a gain of about 250 points. At 9.20 am, the Sensex was trading near 66,450 points with a gain of more than 365 points. At the same time, Nifty became stronger by more than 100 points and reached near 19,800 points.
Pre-open session signals
The market has remained strong since the pre-open session today. BSE’s 30-share Sensex was up by around 300 points in the pre-open session, while Nifty was trading up by around 80 points. Nifty futures in Gifty City were also in the green zone in the morning. There were indications that the strengthening trend in the market may continue for the second day on Wednesday.
The pace returned on Tuesday
Earlier on Tuesday, the domestic market had also gained momentum with the support of global markets. Yesterday Sensex was in gain of about 500 points. Before that, the market had started the week with a decline on Monday. The market was traded for the first time on Monday since the war between Israel and Palestine started over the weekend and on the first day of the week, concerns over geopolitical tensions dominated the market.
Bullish trend in global markets
There is a bullish trend in the global market. American markets were in profit on Tuesday. There was an increase of 0.40 percent in Dow Jones Industrial Average. There was a rally of 0.58 percent in NASDAQ Composite Index and 0.52 percent rally in S&P 500. Asian markets also remain strong in today’s trading. Japan’s Nikkei is in gain of 0.54 percent. Hong Kong’s Hang Seng is trading up by about 1.50 percent.
Big shares in early trade
All the big stocks have had a good start in today’s trading. All 30 Sensex stocks are in gain in the initial session. Stocks like ICICI Bank, Wipro, Tata Motors, L&T, Axis Bank and Infosys are leading the market gains.
