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Stock Market Today: The stock market looks weak in early trade on Thursday due to the rise of seven days in the stock market and pressure in the gift Nifty amidst positive trends in the international stock market. The Sensex is trading at the level of 190.07 points, or 0.27 percent to 79,927.99. While the Nifty is trading at 24,279.75 with a decline of 49.20 points i.e. 0.20 percent. A day before this, the Sensex opened at 80000 in early trade on Wednesday.
On the other hand, if we talk about the Asian market, then the US market has seen a boom due to positive signals. Japan’s Nikkei 225 saw an increase of 0.96% and it reached 35,204. However, KOSPI of South Korea has declined by 0.55% and fell at 2,511.83. While Hong Kong’s Hengseng Index traded at 22,072.
China’s index was trading at Shanghai Composite 3,296. The US stock market is in positive expectation from the signs of decreasing business tension between American and China. Apart from this, President Trump has said that he has no intention of removing Federal Chief Jerome Powell. After its positive trend, Dow Jones Industrial Average climbed 419.59 points i.e. 1.07 percent to 39,606.57. The S&P 500 saw an increase of about 1.67 percent and it came to 5,375.86. While Nasdaq Composite rose 2.50 percent to close at 16,708.05.
Sensex crosses 8000 on Wednesday
A day before this, the stock markets continued to rise for the seventh consecutive day on Wednesday and the major share index BSE Sensex jumped 520 points and closed over 80,000 for the first time in four months. IT and vehicle stocks took over the boom in the market. During this period, the 30 -share Sensex rose 520.90 points, or 0.65 percent to close at 80,116.49. This was its highest level since December 18.
During the trading, the Sensex rose 658.96 points, or 0.82 percent to 80,254.55. NSE Nifty rose to 161.70 points, or 0.67 percent to 24,328.95. Analysts said the buying and positive global trends of foreign institutional investors also strengthened the market perception.
HCL Tech recorded the highest growth of 7.72 percent among the Sensex companies. Apart from this, Tech Mahindra, Tata Motors, Infosys, Mahindra & Mahindra, Tata Consultancy Services, Tata Steel, Bharti Airtel and Maruti also gained significant growth. Recently, after a sharp lead, the bank shares saw selling and HDFC Bank closed down 1.98 percent.
