Stock Market Today: Stock market continues to rise, Sensex-Nifty gains, Shares of Adani Group shine


New Delhi:
Share Market Today: After a tremendous rise in the stock market on the previous day i.e. on Tuesday, the market started strongly on 5 February. On Wednesday, both BSE Sensex and NSE Nifty were in the early trade. At 9:10 am, the Sensex opened 120.79 points to 78,704.60. The Nifty was also openly trading at 23,801.75 by climbing 62.50 points.

At 9:27 in the morning, the Sensex was 15 points with a slight rise of 78,609 and the Nifty was 37 points at 23,777.

All shares of Adani Group boom

Along with this, the shares of Adani Group also saw a boom. Almost all shares were trading up more than 1 percent.

In early trade, around 9.16 pm flagship company Adani Enterprises 0.72%, Adani Green Energy 1.05%, Adani Total Gas 1.07%, Adani Power 1.15%, Adani Energy Solutions 1.06%, Adani Ports 0.49%, NewsDeskReport 1.65%and ACC 0.677 Was trading with an increase of %.

Midcap and smallcap stocks rapidly rise

Midcap and smallcap stocks are seeing a strong rise in compared to largecap. The Nifty Midcap 100 index rose by 530 points or 0.99 percent to 54,344 and the Nifty Smallcap 100 index was 235 points or 1.40 percent to 17,034.

IT, PSU bank, financial service, pharma, metal, realty and energy index of Nifty are being seen. There is a decline in auto and FMCG index.

Among the 30 companies listed in the Sensex, IndusInd Bank, Zomato, Tata Motors, Power Grid, NTPC and Infosys were in share benefits. However, shares of Asian Paints, Nestle, Titan, Mahindra & Mahindra and Sun Pharma were also in disadvantage.

The market showed strength on Tuesday

Earlier on Tuesday, there was a big boom in the Indian market. The Sensex jumped 1,397.07 points, or 1.81% to close at 78,658.59. The Nifty rose to 378.20 points i.e. 1.62% to 23,739.25. Due to this strong lead, the assets of investors increased by Rs 5.95 lakh crore.

Why is the stock market growing?

US President Donald Trump canceled the decision to impose additional tariffs on Canada and Mexico, giving positive indications in global markets. The impact of strength in Asian markets also showed the impact on the Indian stock market. At the same time, due to strong foreign investment and shopping, there is a steady boom in the market.

Will it continue even further?

According to experts, there is currently a strong shopping atmosphere in the market. However, market movements will depend on global signals and domestic economic figures in the coming days.

Investors will now look at the fact that this fast remains even further or there is a period of profit booking in the market.



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