Mumbai: Things are looking good at Dalal Street in early trading in the stock market troubled by continuous decline. The market started off strong . Bombay Stock Exchange’s 30-share key sensitive index Sensex opened at 58960 with a gain of 334 points on Wednesday, while Nifty also started trading on a good note.
In early trade, the Sensex rose by 341 points to reach the level of 58917. Whereas, Nifty was trading at 17642 with a gain of 112 points. In early trade, except Titan, HDFC Bank, Asian Paints and Dr Reddy’s, all stocks were on the green mark on the Sensex. Adani Wilmar sets another new record. A new 52-week peak was reached today at 634. At the same time, Baba Ramdev’s company Ruchi Soya is also seeing a boom.
The decline in domestic stock markets continued for the second consecutive day on Tuesday and the BSE Sensex closed at 58,576.37 points, down more than 388 points. Markets ended in losses with losses in index heavyweights Wipro, Reliance Industries and Bharti Airtel amid a weak trend in global markets.
Investors took a cautious approach even ahead of the March industrial production (IIP) and inflation data. These figures are to be released this evening.
The 30-share Sensex closed at 58,576.37, down 388.20 points, or 0.66 per cent. During trading, the Sensex had gone down to 666 points at one point. The Nifty of the National Stock Exchange also closed at 17,530.30, down 144.65 points, or 0.82 percent.