Stock Market LIVE: मार्केट में तेज हुई खरीदारी; Sensex 63250 के पास, मेटल-फार्मा स्टॉक्स उछले
The Indian stock market opened on a positive note on Friday, buoyed by strong global cues. The BSE Sensex was trading at around 63,200, up by nearly 300 points. Meanwhile, the Nifty50 index was also trading higher, at around 18,850.
Here are the latest updates from the stock market:
– The metal and pharma sectors led the rally, with stocks in these sectors posting significant gains.
– Among the top gainers were Hindalco Industries, Tata Steel, and Sun Pharmaceutical Industries, which were up by 3-4%.
– The banking and financial sectors, however, were trading with mixed results. While some stocks in these sectors were trading higher, others were down.
– The rupee also strengthened against the US dollar, trading at around 73.61.
Analysts are optimistic about the market’s prospects going forward, citing strong global cues and improving economic indicators. They expect the market to continue its upward trend in the coming weeks.
In other news, the Reserve Bank of India (RBI) is set to announce its monetary policy decision next week. Analysts are predicting that the central bank will maintain its accommodative stance and keep interest rates low to support economic growth.
Overall, the Indian stock market is expected to remain volatile in the short term, as investors continue to assess the impact of the Covid-19 pandemic on the economy. However, many analysts are optimistic about the market’s long-term prospects, citing a rebound in economic activity and improving corporate earnings.
Stay tuned for more updates on the stock market.
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