Stock Market LIVE: Positive Start to the Market; Sensex Up by 200 Points, Buying in These Stocks
The share market opened positively on Wednesday with BSE Sensex trading at 62,942, up by 150 points. Similarly, the Nifty also saw a rise of 40 points and reached 18,640. Here are some of the stocks that are witnessing buying activity:
1. Tata Steel – The stock gained 1.5% as the company is exploring the possibility of setting up a steel plant in Iran.
2. HDFC Bank – The stock rose 1.2% as the private lender announced its plan to raise up to Rs 50,000 crore through various means.
3. Wipro – The IT major gained 1% as it announced the acquisition of a UK-based consultancy firm.
4. Reliance Industries – The stock rose 0.8% as the company announced its plan to invest Rs 75,000 crore in clean energy over the next three years.
5. TCS – The stock gained 0.7% as the IT major is set to acquire a digital design company in the US.
Overall, the market is expected to remain positive as investors are optimistic about the economic recovery and the government’s efforts to boost growth.
Stay tuned for more updates on the stock market.
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