Stock Markets Opening Bell! Markets continue their winning streak on Wednesday; Sensex breaches 54000, Nifty around 16200 in opening trade; HDFC, Tata Steel top gainers
The Indian stock markets continued their all-time high streak and opened at record highs on Wednesday, as Nifty started near 16,200 and Sensex was trading above the 54,000-mark for the first time in history.
The BSE Sensex gained around 250 points or 0.46 per cent to 54071.2 while Nifty grew around 65 points or 0.4 per cent to 16,195.3 levels at the market open today. In the broader markets category, the mid-cap index jumped over 111 points or 0.4 per cent to 28377.5 at the open on Tuesday.
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Similarly, another important index, Nifty Bank surged around 180 points 0.51 per cent to 35388.2 levels today at the market open.
Of 50 scrips on Nifty50, 40 advanced, 10 declined at the market open today. On the back of strong first-quarter numbers and management commentary, HDFC became the top index gainer in the early morning trade by surging around 2 per cent, followed by Tata Steel up over 1.5 per cent.
Similarly, Other Index heavyweights such as Shree Cement, Infosys and Adani Ports also jumped between 1-1.5 per cent in the early morning trade.
Bharti Airtel became the biggest laggard on Wednesday in the early morning trade going down by over 1 per cent, followed by Tata Consumer, ONGC and SBI each slipped by around 0.5 per cent.
Almost all sectoral indices were trading in the green in the early morning trade, except for Nifty Realty which tumbled by a quarter per cent, while Nifty Metal, banking, and financial services stocks jumped most in the early morning trade on Wednesday.
On the global front, US markets on Tuesday bounce back to close at an all-time high as Dow Jones crosses 35,100 with global cues prompting a strong rally, while Asian markets opened flat on Wednesday as the Japanese 'Nikkei' was trading mildly in the red amid profit booking.
Another important trigger to the domestic markets, Foreign Institutional Investors (FIIs) on Tuesday bought shares worth Rs 2116.16 crore in cash and sold Rs 298.54 crore in index futures.
The Nifty on Tuesday had a superb day as foreign investors who have been sellers for the last month turned buyers with the Nifty powering It's way past 16000 in style closing higher by over 245 points.
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