Wednesday 29th of June 2022

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Market bounce back after 1 day fall , Sensex jumps up to 557 points

 New Delhi, 23 June (FMNews) - After the strong fall on Wednesday, once again the Indian stock market seems to be in a bullish trend. Both Sensex and Nifty indices are maintaining a bullish trend with the support of continuous buying. So far, the stock market is seen trading with a gain of more than 1 percent.

The shares of Hero MotoCorp, Eicher Motors, Maruti Suzuki, ICICI Bank and Bharti Airtel are maintaining a steady trend in the opening 1 hour of trading. On the other hand, shares of Apollo Hospitals, Titan Company, Power Grid Corporation and ONGC are seen trading with a fall under selling pressure. The highest buying and selling in early trade is seen in TCS shares, in which a deal of Rs 500 crore has been done so far. Similarly, shares of Reliance Industries have also been bought and sold to the tune of Rs 466 crore so far.

The Bombay Stock Exchange (BSE) Sensex opened with a gain of 150.22 points at 51,972.75 points today. As soon as the business started, all-round buying started in the market, due to which the Sensex started moving rapidly. The Sensex jumped 547.30 points to reach a level of 52,369.83 points on the support of continuous buying in the first half-hour of trading.

However, after reaching this level, the momentum of the Sensex also took a break for some time due to slowing of buying momentum and minor selling started. But after some time, once again the buying force in the market increased, due to which the Sensex once again started moving at a fast pace. The Sensex was trading at a level of 52,380.26 points with a strength of 557.73 points after trading for the first 1 hour amid continuous buying and selling.

Like the Sensex, the Nifty of the National Stock Exchange (NSE) started trading today with a gain of 38.25 points from the level of 15,451.55 points. With the support of continuous buying in the market, Nifty also took the path of bullishness as soon as the business started. With the support of continuous buying, the Nifty gained 164.65 points to reach the level of 15,577.95 points in the first half-hour of trading.

Nifty's momentum was seen to slow down for some time due to slight selling at this level. But but after a while this index again took the path of bullishness. So far, Nifty is trading with a gain of more than 1 percent in trading. The index was trading at a level of 15,588.50 points with a gain of 175.20 points after trading for the first 1 hour amid continuous buying and selling.

Today, the stock market started mixed trading in the pre-opening session amid mixed global cues. In this session, the BSE Sensex was up by 142.26 points, or 0.27 percent, at the level of 51,964.79 points. On the other hand, Nifty had reached the level of 15,320.30 points with a weakness of 93 points in the pre-opening session.

Before this, on the last trading day i.e. on Wednesday, the Sensex closed at the level of 51,822.53 points, down 709.54 points or 1.35 percent. On the other hand, Nifty ended Wednesday's trading at 15,413.30, down 225.50 points, or 1.44 percent.

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