Strong opening in the stock market today, Sensex-Nifty boom.
Mumbai:
After seeing a record of 60,000 on Friday in the domestic stock market, the Sensex once again touched a new high on Monday, September 27, 2021. At the same time, Nifty is also moving near the level of 18,000. Today’s opening session Sensex jumped 221.27 points to reach 60,269.74, Nifty opened with a gain of 69.90 points at 17,923.10. Auto and financial stocks rose. Banking stocks also jumped. However, the market fell slightly in the first hour and the Sensex-Nifty slipped slightly below the record high.
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At 10.23 in the morning, the Sensex was moving at the level of 60,098.26 with a gain of 49.79 points or 0.083%. At the same time, during this period, there was a slight increase of 7.80 points i.e. 0.044% in Nifty and the index was at the level of 17,861.00.
In early trade, the shares of Maruti Suzuki had gained the most 2 percent today. At the same time, HDFC Bank, SBI, Bajaj Auto and M&M were also on the rise. On the other hand, Nestle, Tech Mahindra, ITC and HCL Tech registered a decline.
If we talk about the last trading session, the Sensex on Friday crossed the 60,000 mark for the first time in its history. The Sensex closed at an all-time high of 60,048.47 points with a gain of 163.11 points, or 0.27 percent. On the other hand, Nifty closed at 17,853.20 with a gain of 30.25 points or 0.17 percent.
Market analysts say that the direction of the stock markets will be determined by the global trend this week. Analysts expressed the view that the market may remain volatile due to monthly derivatives settlement and higher valuations. Santosh Meena, Head of Research, Swastika Investmart said, “The bull run continues in India and the Sensex has reached the historic level of 60,000 points ignoring all the concerns. We are looking back at the brisk race of 2003-2007. In such a situation, this flight can continue for the next two-three years.