Stock Market opens with a Boom: Sensex up by 250 Points, Nifty up by 75 Points
The Indian stock market opened with a boom on June 2, 2023, with the BSE Sensex opening at 62,678.71 points, up by 250.17 points. The NSE Nifty also opened up by 74.80 points, at a level of 18,562.60 points. Here are the highlights of the day’s trading:
Today’s Top Gainers:
– Hero MotoCorp shares opened at Rs 2,892.00, up nearly Rs 92.
– Hindalco shares opened at Rs 415.15, up nearly Rs 9.
– Britannia’s stock opened at a level of Rs 4,701.15 with a gain of about Rs 66.
– Tata Steel shares opened at Rs 107.35, up by nearly Re 1.
– JSW Steel shares opened at Rs 703.45, up nearly Rs 10.
Today’s Top Losers:
– Infosys shares opened at Rs 1,307.60, down nearly Rs 12.
– IndusInd Bank shares opened at Rs 1,282.00, down nearly Rs 8.
– HDFC Life shares opened at Rs 578.85, down nearly Rs 3.
– Cipla shares opened at Rs 959.70, down by Rs 5.
– Coal India shares opened at Rs 229.25, down by nearly Re 1.
Other Highlights:
– A total of 2,546 companies opened for trading on BSE today.
– About 1,891 shares of trading companies opened with gains and 556 with losses.
– The share prices of 99 companies opened without increasing or decreasing.
– Today, 109 stocks are trading at 52-week high and 15 stocks are trading at 52-week low.
– 110 shares have upper circuit since this morning and 48 shares have lower circuit.
What are Sensex and Nifty?
Sensex is a price-weighted index of the Mumbai Stock Exchange (BSE), consisting of 30 BSE companies. It was prepared in 1986 and is now calculated on the basis of free float market capitalization-weighting methodology. On the other hand, Nifty is an index of the National Stock Exchange (NSE), made by including the top 50 companies of the NSE. The base year of Nifty is 1995.
How to Invest in the Stock Market?
To invest in the stock market, one needs to open a demat and trading account with a stockbroker. PAN, Aadhaar, and a bank account are required to open a demat and trading account. Once the account is opened, shares can be bought and sold online from the comfort of one’s home.
In conclusion, the stock market opened strong today, with Sensex and Nifty both up significantly. It will be interesting to see how the market performs in the coming days.
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