On the first day of the week, domestic share markets started at a fast pace. Last week, the bumpers were seen in the market. Here, there is much good news on the domestic front. India's trade deficit has come down in February. It has come at a lower level of 17 months.
This has happened because of the lack of imports of oil, gold and electronic goods. Investors are assuming it a positive sign. On the other hand, the central bank Federal Reserve is meeting in the United States on Tuesday. There will be market views on this too.
On Monday, the rupee also started the session with the strength of the dollar compared to the dollar. Increasing foreign investment, weakness in oil pesticides and increased risk of investors' risks have had a good effect on market sentiments. The rupee recovered by 18 paise to 68.92 level.
At 9.30 am, the BSE Sensex was trading 303 points or 0.80 percent at 38,327 level. At the same time, the Nifty 50 index was recorded at 11,507 with an increase of 80 points or 0.70 percent.
BSE Smallcap and Midcap Index also increased by half percent Most of the BSE sector was doing business in the green mark. Oil and Gas and Energy Index jumped 1.8 percent. Only the weakness in the auto and healthcare index was noticed.
On Friday, the US stock market gained momentum. Daawo Jones raised 0.54 percent, while the S & P 500 index registered an increase of 0.50 percent. Nasdaq composites ended the week's trade by climbing 0.76 percent.
Power Grid shares rose 2.52 percent to Rs 197.20 on the BSE Sensex. Kotak Mahindra Bank touched 2.13 percent higher at Rs 1,353.50 Axis Bank, Reliance Industries and HDFC Bank shed 1.68%, 1.62%, and 1.61%, respectively.
On the other hand, Maruti Suzuki's stock slipped 2.44 percent to Rs 6,919.20. Shares of Vedanta came down to Rs 173.80 with 0.83% weakness. The shares of Sun Pharma, Hindustan Unilever and HCL Technologies were 0.68%, 0.44%, and 0.28% respectively.
Foreign investors have an interest in the Indian stock market. According to information from NSE, Foreign Portfolio Investors (FPI) invested Rs 4,323.49 crore in the domestic stock market.
You can also follow Trade Nivesh on twitter.
This has happened because of the lack of imports of oil, gold and electronic goods. Investors are assuming it a positive sign. On the other hand, the central bank Federal Reserve is meeting in the United States on Tuesday. There will be market views on this too.
On Monday, the rupee also started the session with the strength of the dollar compared to the dollar. Increasing foreign investment, weakness in oil pesticides and increased risk of investors' risks have had a good effect on market sentiments. The rupee recovered by 18 paise to 68.92 level.
At 9.30 am, the BSE Sensex was trading 303 points or 0.80 percent at 38,327 level. At the same time, the Nifty 50 index was recorded at 11,507 with an increase of 80 points or 0.70 percent.
BSE Smallcap and Midcap Index also increased by half percent Most of the BSE sector was doing business in the green mark. Oil and Gas and Energy Index jumped 1.8 percent. Only the weakness in the auto and healthcare index was noticed.
On Friday, the US stock market gained momentum. Daawo Jones raised 0.54 percent, while the S & P 500 index registered an increase of 0.50 percent. Nasdaq composites ended the week's trade by climbing 0.76 percent.
Power Grid shares rose 2.52 percent to Rs 197.20 on the BSE Sensex. Kotak Mahindra Bank touched 2.13 percent higher at Rs 1,353.50 Axis Bank, Reliance Industries and HDFC Bank shed 1.68%, 1.62%, and 1.61%, respectively.
On the other hand, Maruti Suzuki's stock slipped 2.44 percent to Rs 6,919.20. Shares of Vedanta came down to Rs 173.80 with 0.83% weakness. The shares of Sun Pharma, Hindustan Unilever and HCL Technologies were 0.68%, 0.44%, and 0.28% respectively.
Foreign investors have an interest in the Indian stock market. According to information from NSE, Foreign Portfolio Investors (FPI) invested Rs 4,323.49 crore in the domestic stock market.
You can also follow Trade Nivesh on twitter.
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