On the third trading day of the week, strength seems to be returning in the domestic stock market. After yesterday’s lethargy, the stock market made a spectacular bounce back on Wednesday. Sensex has jumped up to 200 points in early trade while Nifty has crossed 18650. However, there was slight selling at the upper levels.
As soon as the market opened today, 28 out of 30 Sensex stocks were trading on the green mark. However, with the initial rally, profit booking was seen in the market. In the first 10 minutes, the rally in the market came down to 117 points.
FMCG and IT sector shares contributed to the strength of the market on Wednesday. Britannia shares are showing a gain of up to two percent in the Nifty. Earlier on Tuesday, the domestic stock market had closed flat. On Tuesday, the Sensex closed at 62,792 with a slight gain. 21 out of 30 stocks of BSE are fast. In this, Nestle India shares are currently seen trading as top gainers.
Talking about Tuesday’s trading, the BSE’s 30-share index Sensex closed at 62,792.88 points with a slight gain of 5.41 points, or 0.01 percent. Similarly, the National Stock Exchange (NSE) index Nifty also rose by 5.15 points, or 0.03 percent, to reach 18,599 points.