Share Market
Wednesday’s trading session has been profitable for the stock market so far. Nifty is trading at an all-time high due to the rise in IT stocks. In the trading so far, Nifty has made a new all-time high of 25,114, which was earlier 25,078. At 1:46 pm, the Sensex was at 81,964 with a gain of 253 points or 0.29 percent and the Nifty was at 25,102 with a gain of 83 points or 0.34 percent. The reason for the rise in the stock market is the rally in IT stocks.
Due to this, the Nifty IT index has also made a new all-time high of 42,712.
Know where the rise is
Wipro, IndusInd Bank, Infosys, Bharti Airtel, Tech Mahindra, HCL Tech, Sun Pharma and M&M were the top gainers in the Sensex pack. While Maruti Suzuki, Axis Bank, Asian Paints, Nestle ITC, UltraTech Cement, Kotak Mahindra Bank and L&T were the top losers.
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Midcap and smallcap stocks are slightly up compared to largecaps. The Nifty Midcap 100 index was up 71 points or 0.12 percent at 59,291 and the Nifty Smallcap 100 index was up 55 points or 0.29 percent at 19,389. At the time of writing the news, Nifty IT (2.25 percent), Nifty Pharma (1.01 percent), Nifty Service Sector (0.55 percent) and Nifty Infra (0.28 percent) were the top gainers. Nifty PSU Bank (0.28 per cent), Nifty Realty (0.28 per cent) and Nifty Media (0.38 per cent) were trading under pressure.
Trading in a limited range
SAS Online founder Shrey Jain says that the market is currently trading in a limited range. Nifty is in the range of 24,950 and 25,100, as soon as Nifty comes out of this range, momentum can be seen in it. The stock market opened almost flat. At 9:20 am, the Sensex was at 81,812 with a gain of 100 points or 0.12 percent and the Nifty was at 25,037 with a gain of 20 points or 0.08 percent.