Firmly open Indian marketMay 24, 2019
Sensex and the Nifty on the trading day are getting good momentum due to Friday. Shopping in mid and smallcap stocks is also seen. BSE’s Smallcap Index is up 0.50 per cent and is at 14,424.18 level. Meanwhile, the mid-cap index is trading 0.38 percent higher at 4,883.24 levels. The impact of crude deterioration is visible on oil and gas stocks. Oil and gas stocks are showing strong growth. BSE’s oil and gas index is trading 0.84 percent higher. The market is getting support from auto, financial sector, pharma, bank and realty stocks. At the same time, metal, media, IT and FMCG are pressurizing the stock market.
Banking stocks are seeing good buying today, which led to the rise in the Nifty by 0.64 per cent to 30,604.80. Infra and energy shares are also seen bat-bat in the joy of returning Modi Government. Nifty’s Infra Index is 0.76 percent and the Energy Index is showing a gain of 0.33 percent. BSE’s 30-share index Sensex is trading 118 points and is trading around 38930 level. On the other hand, NSE’s 50-share index, Nifty is trading close to around 11685 with strong strength of 28 points