Stock Market Opening: Sensex Crosses 58,700 Mark, Investors Buying Bank Shares

Stock Market Update: The global market is witnessing mixed trading in the markets today. At the same time, the domestic market experienced a good start. Learn latest updates on Sensex-Nifty.

Representational Image | File Image

Stock Market News: The Indian stock market opened on a higher mark today. Sensex, main index of the Bombay Stock Exchange, was trading 250.36 points, or 0.43 per cent higher at 58,711.65. In addition, the Nifty Index gained 56.50 points, or 0.32 percent, and was at 17,458.15. At the same time, Nifty Bank also traded with gains. The Nifty Bank gained 134 points

Global stock market were mixed

While the Indian Markets registered a higher opening, Global Markets had a mixed trade. During yesterday's trade, U.S. markets rose while the European markets declined. The Nasdaq closed 127 points up in the U.S. markets. On closing, the Dow Jones had climbed 600 points. While Asian markets like SGX Nifty, Hangseng, SET Composite and Jakarta tumbled. Meanwhile, the Nikkei, Taiwan, KOSPI and Shanghai Stock Exchange index gained. 

Sensex shares: 

Looking at the top-30 companies of the Sensex, 14 out of 30 stocks were in the red today. Rest of the 16 shares were gaining in the market. Infosys was on the list of top gainers today. Other top gainers were L&T, Axis Bank, NTPC, Kotak Bank, ICICI Bank, Power Grid, IndusInd Bank, SBI, HDFC Bank, TCS, HDFC, Titan, ITC and Bajaj Finance. 

Shares in the red:
Declining stocks included Bharti Airtel, Nestle India, Maruti, Dr Reddy's, Asian Paints, Sun Pharma, Reliance, Bajaj Finance, Tata Steel, Bajaj Auto, Hindustan Unilever Limited.

Mixed turnover of Sectoral Index
Today's business witnessed sales in the FMCG, Pharma and healthcare sectors. In addition, people were buying stocks in Nifty Bank, Auto, Financial Services, FMCG, IT, Media, Metal, PSU Bank, Private Bank, Realty, Consumer Durables and Oil & Gas.