Stock Market Opening: On the first day of the year 2024 i.e. 1 January 2024, the Indian stock market could not get a strong opening. However, on the basis of the rise in midcap index, there is hope of a good rise in the stock market. Today, in the pre-opening of the market, BSE Sensex was down by 17.50 points at the level of 72222.76 and NSE’s Nifty was at the level of 21725.90 with a slight decline of 5.50 points.
How was the stock market opening on January 1?
NSE’s 30-share index Sensex opened with a fall of 21.87 points at the level of 72,218. Whereas NSE’s Nifty opened at the level of 21,727 with a nominal fall of 3.65 points.
Midcap index opens at record high
Midcap index is seen trading at the level of 46319 with a rise of 137 points and has reached a record high. In the sectoral index, PSU banks are trading with the maximum increase of 1.03 percent.
Condition of Sensex companies
Out of 30 Sensex companies, 15 companies are seeing a rise and 15 companies are seeing a decline. Today the top gainer of Sensex is Tata Motors which is trading with a rise of 1.70 percent. IndusInd Bank has gained 0.75 percent. SBI is up 0.66 percent and Nestle Industries is up 0.59 percent. A rise of 0.55 percent is being seen in ITC.
What is the condition of Nifty shares?
Out of 50 Nifty stocks, 27 are trading with a rise while 22 are in decline. Along with this, one share is being traded without any change.
Nifty’s top gainers and losers
Coal India has the highest rise of 2.62 percent and Tata Motors has gained 1.79 percent. Grasim is up by 1.65 percent and UPL is up by 1.32 percent. A rise of 1.14 percent is being seen in BPCL. Among the falling stocks, a decline of 1.39 percent is seen in Eicher Motors. There is a weakness of 1.14 percent in M&M. Bharti Airtel is trading down by 0.79 percent and Britannia Industries is trading down by 0.68 percent. HAUL is trading 0.63 percent down.
How is the picture of Bank Nifty?
Bank Nifty has also returned to the bullish trend and is trading at the level of 48310 with a gain of 18.40 points.
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