Share Market Live Update: The stock market opened with a rally on the first trading day. The Sensex rose 215.93 points, or 0.41 per cent, to 52,700.60 points in the morning. At the same time, the Nifty, too, started raging today. The Nifty traded up 70.90 points or 0.45% at 15,793.10 points in early trade. About 12 companies are expected to bring their IPOs this month.
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Shares of Tata Steel traded up 1.24% during early trading on Monday morning. Sun Pharma’s shares rose 0.82%, PowerGrid shares rose 0.48%. At the start of the stock market, 28 of the 30 companies were trading green mark. Shares of IndusInd Bank, on the other hand, saw a big drop of 0.09%.
How the stock market moves this week
The direction of stock markets is determined this week by macroeconomic data, companies’ first quarter results and global trends. Analysts have expressed this view. Vinod Nair, head of Geojit Financial Services Research, said, “The domestic market is guided by global markets. Progress towards reduction and vaccination in Covid-19 cases promises the market.
