Stock Market: Sensex climbs 34K, Nifty above 10,000 levels; Kotak Mahindra Bank, Oberoi Realty shares surge
Stock Market: Bank Nifty index failed to retain the psychological 21,000 levels and closed at 20,918 levels, but above 388 points from its yesterday's closing.
Stock Market: On account of strong global sentiments, the Indian indices closed near 0.85 per centy higher from its yesterday's closing. The BSE Sensex rose 297 points and closed at 34,123 levels while the NSE Nifty shot up 90 points and closed at 10,069 levels. However, Bank Nifty index failed to retain the psychological 21,000 levels and closed at 20,918 levels.
Speaking on the current market scenario Simi Bhaumik, a SEBI registered technical equity analyst said, "The NSE Nifty has climbed 10,000 levels and if it sustains above 10,100 levels tomorrow then we can expect it to further make a rally of 150 to 200 points." On stocks that may fuel the upcoming markets Bhaumik said that private banks and NBFCs are expected to outperform other stocks because they have received the maximum beating during the bearish days. She suggested traders to keep an eye on Muthoot Finance, MAnappuram Finance, Bajaj Finance, Bajaj Finserve, Kotak Mahindra Bank and ICICI Bank stocks.
See Zee Business Live TV streaming below:
Shares of SBI, Reliance Industries, Axis Bank, ICICI Bank, HDFC Bank, Housing Development Finance, Tata Motors, IndusInd Bank, Indian Oil and Tata Steel were among the most trending stocks in the intraday trade session while shares of Bajaj Finance, Kotak Mahindra Bank, Bharti Airtel and |HDFC Life were among the most active stocks throughout the trade session today.
Realty stocks led the bull run on Dalal Street today as the BSE Realty index rose over 3 per cent in the intraday trade. Realty major Oberoi Realty share price soared 6.74 per cent, Godrej Properties shares shot up 8.86 per cent, shares of Indiabulls Real Estate escalated 4.97 per cent, Prestige Estates Projects stock price rose 2.27 per cent while Sobha stocks added 1.05 per cent.
Banking and Financial stocks also witnessed some fresh buying in the intraday trade sesion. Banking major Kotak Mahindra Bank share price shot up 3.31 per cent, State Bank of India or SBI share price soared 2.70 per cent, shares of ICICI Bank rose 2.34 per cent, HDFC Bank stock price added 2.24 per cent, City Union Bank scrip escalated 3.47 per cent while RBL Bank added 2.83 per cent.
Among the major Asian indices, the Japanese Nikkei 225 index soared 1.29 per cent, South Korean Kospi skyrocketed 2.87 per cent, Hong Kong's Hang Seng shot up 1.37 per cent while Shanghai market added 0.04 per cent.
At Wall Street yesterday, Dow Jones ended 1.05 per cent higher, Nasdaq rose 0.59 per cent, S&P 500 shot up 0.82 per cent while SmallCap 2000 added 0.65 per cent.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
PM Modi has invested in this post office scheme; know his total worth as per Lok Sabha elections 2024 affidavit
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
03:49 PM IST