Stock market strong start Sensex 39000 and Nifty cross 11500

Global markets have been rushed by news of an improvement in the condition of US President Donald Trump. The stock market opened strongly on the first trading day of this week. On Monday, the 30-share sensitive index Sensex of the Bombay Stock Exchange gained 259.73 points to open at 38,956.78. At the same time, the Nifty of the National Stock Exchange also started trading with a green mark. The Nifty opened at 11,487.80 today and soon gained 115 points to 11513. In the early trade, the Sensex was trading at a level of 39139 with a jump of 389 points.

Taking a cue from the global markets, the Asian markets moved up sharply. SGX Nifty 100 and Dow Futures is trading above 200 points. Trump may be discharged from the hospital today. The effect of this news is also being seen on the domestic stock market. At the beginning of the market, all sectors except pharma were trading on the green mark on the Nifty. Nifty Auto is seeing more than one percent increase. On the other hand, Nifty Bank was trading at a rate of 1.75 per cent, PSU Bank 1.09 per cent, Financial Services 1.16 per cent, IT 2.04 per cent, Private Bank 1.93 per cent, Metal 1.27 and Media 0.35 per cent.

IndusInd Bank, TCS, Tata Steel, ICICI Bank, Infosys and Axis Bank were the leading stocks among the Sensex stocks. Their shares saw an increase of up to five percent. Analysts say that in the coming days, the focus of Indian markets will be on the result of companies. The results of the second quarter will start coming from this week. Along with this, the news will be on the news related to Kovid-19 and presidential elections in America.

Last weekend, the BSE Sensex closed up over 629 points and the Nifty by 169 points on Thursday (Friday was a two-day holiday). If we talk about the whole week, then the Sensex rose by 1,308.39 points and the Nifty remained high by 366.70 points in the four-day trading week.

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