Stock market recovers, Sensex jumps 179 points

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New Delhi: Under pressure from the global market, the Indian stock market started trading on the red mark on Tuesday, the second day of the week. But soon the confidence of investors took the market to new heights. At present, the Sensex is poised to cross the 63,000 mark.

The Bombay Stock Exchange (BSE) Sensex is trading at a level of 62,683.50 with a gain of 178.70 points, or 0.29 per cent. Similarly, the National Stock Exchange NSE’s Nifty is also trending at the level of 18,622.95 with an increase of 60.20 points i.e. 0.32 percent. Earlier this morning, the BSE Sensex opened at 62,362, down 143 points, while the Nifty opened trading at 18,552, down 11 points.

Out of 30 Sensex stocks, 24 stocks are trading in the green. Today’s top gainers include Titan, M&M, ICICI Bank, ITC, Axis bank, Tata steel, HCL. While the top losers include shares of Maruti, HDFC, HDFC Bank, and Wipro. At present, the shares of Team Lease are showing a strength of 6 per cent in the stock market, while the shares of RERFC are showing a strength of 5 per cent.

It is noteworthy that on the first trading day of the week, the 30-share BSE Sensex jumped 211.16 points, or 0.34 per cent, to close at 62,504.80. NSE’s Nifty also closed at 18,562.75 with a gain of 50.00 points, or 0.27 per cent. During trading yesterday, the Sensex set a new all-time high of 62,701 and the Nifty set a new all-time high closing record.

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