Stock market: Sensex closes above 49200, Nifty rises slightly

Stock market: Sensex closes above 49200, Nifty rises slightly

The market rose marginally on the second trading day of the week today. The Bombay Stock Exchange’s flagship index Sensex rose 42.07 points, or 0.09 percent, to close at 49,201.39. At the same time, the Nifty on the National Stock Exchange rose 45.70 points, or 0.31 percent, to close at 14,683.50. Sensitive short trading session of 30 shares of BSE rose 1,021.33 points or 2 percent in the previous week.

These factors will determine the direction of the market this week

The stock market direction will be determined this week with the Reserve Bank’s financial review, macroeconomic data, Covid-1 transition conversion position and global indications. Analysts have expressed this opinion. Analysts say the companies’ quarterly results will begin in mid-April. In such a situation there may be some integration in the market earlier. Also, PMI figures for the manufacturing and services sectors are due this week. It will also affect market sentiment.

The same was true of older stocks

Speaking of large stocks, shares of Adani Ports, Tata Consumer, SBI Life, Asian Paints and JSW Steel closed at the green mark today. Shares of Power Grid, Grasim, Issar Motors, Axis Bank, and Ultratech Cement closed higher.

Sectoral indicator tracking

If we review the sectoral index, today all sectors except private banks, media, PSU banks, S and banks are closed at the green mark. These include Metals, IT, Pharma, Realty, Auto, Finance Services and FMCG.

The market was open at the green mark

The Sensex opened at 77 77..66 points (0.16 percent) at 49237.00. At the same time, the Nifty opened 5.40 points or 0.04 percent higher at 14643.20.

The stock market was closed on Monday with the fall

On Monday, the Sensex closed at 870.51 points, or 1.74 percent, at 49159.32. The Nifty fell 229.55 points, or 1.54 percent, to 14,637.80.

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