Market recorded an increase for the third consecutive day, Nifty closed above 18050

The biggest growth in today’s business has been seen in the energy and IT sectors. Both the sector indices closed with a gain of more than one percent today.

Market rises for the third consecutive day

Today (stock market today) there has been an increase in the stock market for the third consecutive day. The volatility in the market continued during trading, although the major indices were supported today by gains in heavyweight stocks like Reliance Industries, TCS and HDFC Bank. In today’s trading, the Sensex has gained 221 points at the level of 60617 and the Nifty has closed at the level of 18056 with a gain of 52 points. NSE But in today’s business, there was an increase in the IT sector, while metal stocks have seen pressure.

how was today’s business

There has been an ups and downs in the stock market. During trading, the Sensex reached a maximum level of 60,689.25, while the index reached a low of 60,281.52 when it declined. That is, the Sensex was in the range of 408 points today. The market is currently seeing uncertainty due to the increasing cases of Omicron, although buying in the IT giant stocks is continuing before the results. Investors are currently trading stock specific. At the same time, in view of the apprehensions of new restrictions amid rising cases of Omicron, investors remain cautious about the entire market. This stance of investors had an impact on small stocks. Nifty Smallcap index closed with a fall today. On the other hand, on NSE, the biggest gain in broad market has been registered in Nifty itself.

Where is the profit and where is the loss

The biggest growth in today’s business has been seen in the energy and IT sectors. Both sector indices closed with a gain of more than one percent today. At the same time, there has been an increase in the banking sector, financial services sector, realty sector, healthcare, oil and gas sector. On the other hand, today the metal sector index has seen the biggest decline, the sector index has closed with a fall of 1.9 percent today. On the other hand, there has been a decline in the FMCG sector, public sector banks today. Today 25 stocks included in Nifty have closed with gains. Among the biggest gainers, HCL Tech 4.49 percent, Adani Ports, 3.53 percent, HDFC 1.8 percent, TCS 0.96 percent, Reliance Industries closed with a gain of 0.73 percent. On the other hand, JSW Steel closed with a decline of 3.41 percent, Tata Steel 2.92 percent, BPCL 1.65 percent in the most falling stocks.

Read also: Mirae asset MF launches Nifty India Manufacturing ETF and FoF, will benefit from sector growth

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