After the red mark closed yesterday, the stock market today opened the green mark on Wednesday, the third day of the week amid mixed data. The BSE Sensex opened with a gain of 139 points at 5,1400. At the same time, the Nifty opened at 15,144 with a gain of 35 points.
Yesterday the market closed the red mark
The rally in the stock markets for the last six sessions ended on Tuesday, and both the BSE Sensex and the NSE Nifty closed slightly. Information technology, daily consumption goods (FMCG) and auto companies saw a slight drop in profit bookings. Yesterday, the Sensex gained 487 points to close at a high of 51,835.86 points during the day, but since then the momentum has not continued and it is down 19.69 points or 0.04 points at 51,329.08. Similarly, the National Stock Exchange’s Nifty fell 6.50 points or 0.04 points to close at 15,109.30 points. During the trading, the record high rose to 15,257.10 points.
Decline in profit booking
According to experts, domestic stock markets were high during the trading. However, there were ups and downs before the deal was over. “There is no broad-based rally,” said Vinod Modi, head of strategy at Reliance Securities. Shares of some large companies gained support in the market. Shares of medium and small companies are not performing well and most major segment indices are disadvantaged, except financial companies.
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