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Market recovered after initial weakness, Sensex and Nifty jumped

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Market recovered after initial weakness, Sensex and Nifty jumped


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TezzBuzz Staff by TezzBuzz Staff
July 19, 2024
in Business
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Market recovered after initial weakness, Sensex and Nifty jumped

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New Delhi. Today, the domestic stock market is showing a strong trend. Today's trading started with a decline. There was selling pressure in the first half hour of trading. But after this, buyers took over. With the support of buying, the stock market made its place in the green mark in a short time. After the first one hour of trading, the Sensex was trading with a strength of 0.18 percent and Nifty with a strength of 0.16 percent. After the first one hour of trading, among the stock market's leading stocks, ONGC, LT Mindtree, State Bank of India, SBI Life Insurance and Hindustan Unilever's shares were trading with a strength of 2.29 percent to 1.20 percent. On the other hand, Bajaj Auto, Call India, Asian Paints, Hero MotoCorp and UltraTech Cement's shares were seen trading with a decline of 2.35 percent to 0.67 percent.

Till now, there was active trading in 2,223 shares in the stock market. Out of these, 803 shares were trading in the green mark by making profit, while 1,420 shares were trading in the red mark by suffering loss. Similarly, out of the 30 shares included in the Sensex, 20 shares remained in the green mark with the support of buying. On the other hand, 10 shares were trading in the red mark due to selling pressure. While out of the 50 shares included in the Nifty, 28 shares were seen trading in the green mark and 22 shares in the red mark. The BSE Sensex opened today with a weakness of 202.30 points at the level of 80,514.25 points. Due to selling pressure in the initial trade, this index fell to 80,390.37 points. But after this the buyers took over, due to which the movement of this index started improving. With the support of continuous buying, this index was successful in recovering and reaching the green mark in a short time. After the first hour of trading amid continuous buying and selling in the market, at 10:15 am, the Sensex was trading at a level of 80,858.62 points with a gain of 142.07 points.

Like the Sensex, NSE's Nifty today started trading at 24,543.80, down 69.20 points. As soon as the market opened, the index fell to 24,515.10 points due to selling pressure. But after this, buyers started buying, which accelerated the movement of this index. With the support of continuous buying, this index recovered more than 150 points from the lower level and managed to reach 24,678.99 in a short time. After the initial 1 hour of trading amid continuous buying and selling in the market, at 10:15 am, Nifty was trading at 24,653.50 points with a gain of 40.50 points. Earlier on Tuesday, the last trading day, the Sensex closed at 80,716.55 points with a gain of 51.69 points or 0.06 percent. On the other hand, Nifty had ended Tuesday's trading at 24,613 points with a gain of 26.30 points i.e. 0.11 percent.

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