Trade Nivesh On Wednesday, the domestic stock market started the session with a boom. Estimates on the market showed better earnings and the government's expectation of laxity in tax rules. The government can give a gift to equity investors. The market is bullish with this expectation. The Sensex again crossed the 40,000 mark mark.
Asian markets showed weak trend in early trade. The agreement on trade war between the US and China has increased for some time. The non-Japanese Asian market lost up to 0.33 percent, while Japan's Nikkei slipped by 0.35 percent.
At 9.30 am, the BSE Sensex was trading 117 points, or 0.29 per cent, at a level of 39,949. At the same time, the Nifty 50 index was also trading at 11,820 with a gain of 33 points or 0.28 per cent. Later the Sensex had crossed 40,100 and Nifty 11,835.
On Tuesday, the US stock market's attitude looked soft. The Dow Jones declined 0.07 percent, while the S&P 500 index showed weakness by 0.08 percent. The Nasdaq Composite ended the session with a fall of 0.59 per cent.
The BSE Midcap and Smallcap indices gained up to half a percent in early trade. Most of the sector indices on BSE were rising. Only FMCG, Auto, Consumer Durables and Metal Index were seen in red mark. The telecom and capital goods index strengthened by one and a half percent.
Shares of Bharti Airtel rose 2.22 per cent to Rs 367.05 on the BSE Sensex. Larsen & Toubro shares rose 1.74 per cent to Rs 1,486. The shares of Infosys, ITC, Kotak Mahindra Bank rose 1.01 per cent, 0.71 per cent and 0.66 per cent respectively.
On the other hand, Tata Motors shares fell 2.49 per cent to Rs 168.25. Yes Bank shares slipped by Rs 1.55 per cent to Rs 57.30. Shares of Tata Steel, IndusInd Bank and ICICI Bank lost up to 1.34 per cent, 1.02 per cent and 0.79 per cent respectively.
Shares of Bharat Heavy Electricals (BHEL) jumped up to 12 per cent. BEML shares also strengthened by 8 per cent. In both companies, the government is planning to reduce its stake through a large amount of disinvestment.
On Tuesday, Foreign Portfolio Investors (FPIs) invested heavily in the Indian stock market. During the last session, these investors bought shares worth Rs 876.64 crore. On the same lines, domestic institutional investors (DII) invested a net Rs 144.75 crore.
Asian markets showed weak trend in early trade. The agreement on trade war between the US and China has increased for some time. The non-Japanese Asian market lost up to 0.33 percent, while Japan's Nikkei slipped by 0.35 percent.
At 9.30 am, the BSE Sensex was trading 117 points, or 0.29 per cent, at a level of 39,949. At the same time, the Nifty 50 index was also trading at 11,820 with a gain of 33 points or 0.28 per cent. Later the Sensex had crossed 40,100 and Nifty 11,835.
On Tuesday, the US stock market's attitude looked soft. The Dow Jones declined 0.07 percent, while the S&P 500 index showed weakness by 0.08 percent. The Nasdaq Composite ended the session with a fall of 0.59 per cent.
The BSE Midcap and Smallcap indices gained up to half a percent in early trade. Most of the sector indices on BSE were rising. Only FMCG, Auto, Consumer Durables and Metal Index were seen in red mark. The telecom and capital goods index strengthened by one and a half percent.
Shares of Bharti Airtel rose 2.22 per cent to Rs 367.05 on the BSE Sensex. Larsen & Toubro shares rose 1.74 per cent to Rs 1,486. The shares of Infosys, ITC, Kotak Mahindra Bank rose 1.01 per cent, 0.71 per cent and 0.66 per cent respectively.
On the other hand, Tata Motors shares fell 2.49 per cent to Rs 168.25. Yes Bank shares slipped by Rs 1.55 per cent to Rs 57.30. Shares of Tata Steel, IndusInd Bank and ICICI Bank lost up to 1.34 per cent, 1.02 per cent and 0.79 per cent respectively.
Shares of Bharat Heavy Electricals (BHEL) jumped up to 12 per cent. BEML shares also strengthened by 8 per cent. In both companies, the government is planning to reduce its stake through a large amount of disinvestment.
On Tuesday, Foreign Portfolio Investors (FPIs) invested heavily in the Indian stock market. During the last session, these investors bought shares worth Rs 876.64 crore. On the same lines, domestic institutional investors (DII) invested a net Rs 144.75 crore.
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