Stock Market LIVE: Continuous Increase in Share Market for 5th Day; Sensex Crosses 63200 Mark, Power Shares Show Increase
In line with mixed signals from global markets, the share market opened on a flat note on Thursday. However, it soon picked up pace and continued to surge for the fifth day in a row. Here are the key highlights of the day:
Sensex and Nifty: The benchmark indices, Sensex and Nifty, opened flat but soon gained momentum and climbed to new heights. The Sensex crossed the 63200 mark, while Nifty touched 18800.
Power Shares: Power shares, including Adani Power, Tata Power, and Power Grid Corporation, showed an increase of up to 6% following the government’s announcement of a Rs. 30,600 crore power infrastructure package.
Banking and Finance: Banking and finance stocks, including Axis Bank, HDFC Bank, and ICICI Bank, continued to show an increase of up to 1%.
IT Stocks: IT stocks, including TCS and Infosys, also showed a gain of up to 1%.
Auto Stocks: Auto stocks, including Maruti Suzuki and Mahindra & Mahindra, showed a marginal increase of up to 0.5%.
The overall sentiment in the market remained positive, with investors focusing on the government’s recent reforms and announcements. Moreover, the continuous increase in the market for the fifth day in a row has given investors hope for a strong recovery.
In conclusion, the share market continued its upward trend for the fifth consecutive day, with Sensex crossing the 63200 mark and power shares showing a significant increase. The overall sentiment in the market remained positive, and investors continue to focus on the government’s recent announcements and reforms.
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