New Delhi:
Stock Market Opening Bell: Today i.e. on Monday, March 17, the Indian stock market saw a great start in the Indian stock market amidst the global signals. Both Sensex and Nifty opened in green mark, strengthening the sentiments of investors. At 9:32 am, the Sensex was trading at 74,333.79 with a gain of 504.88 points (0.68%), while the Nifty reached a level of 22,561.20 with a strength of 164 points (0.73%).

In early trade, there was tremendous purchases in pharma and auto sector, which kept the market enthusiasm. The BSE Sensex reached 74,186.02 with a gain of 357.12 points, while NIFTY 50 touched a level of 22,510.45 with a gain of 113.25 points.

Today’s pre-opening session did not show much movement, but Nifty maintained a level of 22,350. At the same time, the Sensex was at a level of 73,830.03 on the flat note. However, in a few minutes the market gained momentum and both Nifty and Sensex came into the green mark in early trade.

All shares of Adani Group boom

All the rest of the stocks, including Adani Group’s flagship company Adani Enterprises, were trading rapidly in early trade. In which the most bounce came in the shares of Adani Ports and Adani Enterprises. Adani Ports was trading up more than 3 per cent in early trade. At the same time, Adani Enterprises, Adani Energy Solutions and Adani Green Energy were also trading with a gain of 2 percent.

Top Gainers and Louquars

The highest edged stock included IndusInd Bank, Bajaj Finserv, Tata Motors, UltraTech Cement, L&T, Axis Bank and ICICI Bank. While Infosys, Jomato, HCL Tech, Nestle India and Kotak Mahindra Bank were among the most declining stocks.

IndusInd Bank shares jumped up to 5% due to RBI’s statement

In today’s biggest stocks, IndusInd Bank emerged as the top gainer. IndusInd Bank shares jumped up to 5% and the Nifty 50 made the highest lead stock. The stock had fallen by 33.5% in the last one month, but after giving clarification on the bank’s capital positions and deposits from the RBI, there was a tremendous recovery. The bank shares recorded a jump of up to 5% today.

In the last session, the market was closed in red mark. NIFTY 50, at 22,397.20 while Sensex closed at 73,828.91, while the stock market was closed due to Holi holiday on Friday, but the market has shown strength with the return today.

Positive signs from American markets

In the last season, the US markets saw a great rise, which strengthened the Indian markets. Dow Jones climbed 1.65% to close at 41,488.19. S&P 500 reached 2.13% to 5,638.94, while the NASDAQ closed up 2.61% to close at 17,754.09.

Asian markets rapidly support Indian market

Today, the boom in the Asian markets behind the strength of Indian markets was also a major reason. China announced to take new steps for economic reforms, which also led to the strengthening in the markets of Australia, Japan and South Korea.

Crude oil rises due to China’s new announcements

Oil prices jumped after the Chinese government announced new steps to increase consumer demand and improve income to improve income. Brent crude crossed $ 71 per barrel. West Texas Intermediate (WTI) is trading around $ 68.

Let us know that Beijing has said to stabilize its stock and real estate market, increase salary and promote policies to promote birth rate.

Investors’ eye on Federal Reserve meeting

Now the market is eyeing the monetary policy review meeting of the US Federal Reserve to be held on March 19. With this, the US Federal Reserve meeting is on the 19 March meeting of the investors, where a big decision can be taken regarding interest rates. If there is a sign of cuts in interest rates, then the market can be further enhanced.

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