Stock Market Opening Bell: Sensex, Nifty rise on strong global sentiments; Eicher Motors, Union Bank of India shares gain
Stock Market Opening Bell: On account of strong global sentiments, the Indian indices opened more than half per cent higher on Monday Opening Bell.
Stock Market Opening Bell: On account of strong global sentiments, the Indian indices opened more than half per cent higher on Monday Opening Bell. The BSE Sensex surged 200 points to 38,635 mark while the NSE Nifty shot up 67 points to 11,439 mark. Bank Nifty index scaled 235 points to 22,535 levels.
Speaking on the current market scenario; SEBI registered technical equity analyst Simi Bhaumik said, "The market has opened above 11,400 that means it is heading for another high of 11,500. Overall the market sentiment is bullish and any dip in the market should be seen as a buying opportunity."
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Shares of Eicher Motors, Shipping Corporation of India, Ashoka Buildcon, Union Bank of India, GMR Infrastructure, KNR constructions, Lakshmi Vilas Bank, Dewan Housing Finance Limited or DHFL and Somany Ceramics were among the leading gainers in the intraday trade session while shares of Future Retail, Reliance Infrastructure, Indian Overseas Bank, Yes Bank, Minda Industries, Oil India Limtied Kalpataru Power, HCL Teck and Ashok Leyland were among the leading losers in the opening bell trade session.
Banking stocks led the bull run on Dalal Street as the BSE Banking Index surged to the tune of 1.5 per cent in the opening bell trade session, Banking major Kotak Mahindra Bank share price escalated near 2 per cent, HDFC Bank shares rose 1.46 per cent, shares of IndusInd Bank scaled up 1.4 per cent, Axis Bank stock price went up 1.12 per cent while State Bank of India or SBI shares added 1.18 per cent.
Among the major Asian indices, Japanese Nikkei 225 index went up 0.22 per cent, South Korean Kospi jumped over 1 per cent, Hong Kong's Hang Seng swsksyrocketed 1.57 per cent while Shanghai index added 0.18 per cent in the early morning trade session.
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