Stock Market Live Updates Today at 9.30 AM: The stock market opened higher on the final day of the week. But after some time the market softened. At 9.30 am, the Sensex was trading down 0.24 percent or 186.88 points at 76,624.02 points. At the same time, the Nifty of the National Stock Exchange was trading down 0.22 percent or 51.45 points at 23,347.45.
The market is witnessing a slowdown in the IT sector today. At the same time, shares of Reliance Industries are trading lower. Shares of Tech Mahindra were down over 1 percent around 9.30 am. The shares of the company are top losers in Nifty-50.
Solar panel manufacturing company’s IPO opens today, priced below Rs 100
9.15 am: The bullish streak continues in the market. The 30-sensitive index Sensex opened at 76,912.38 points. At the same time, the National Stock Exchange i.e. Nifty opened at 23,464.95 today. Shares of Titan, Tata Steel, Axis Bank are rising in Sensex today. At the same time, share prices of NTPC, Wipro, Kotak Bank have declined.
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Sensex closed at a record high yesterday
During the day’s trade yesterday, BSE’s 30-share index Sensex rose 538.89 points, or 0.70 percent, to touch an all-time high of 77,145.46 points. Later it closed up 204.33 points or 0.27 percent at a new record level of 76,810.90 points.
Why did it accelerate?
Domestic stock markets were bullish on Thursday as softening retail inflation raised expectations of a policy interest rate cut and both the benchmark indices Sensex and Nifty closed at fresh record highs. Traders said heavy buying in capital products, consumer durables and industrial stocks also helped propel the indices.
According to government data released on Wednesday, consumer price index-based retail inflation fell to 4.75 percent in May, a one-year low. Retail inflation remained below the Reserve Bank of India’s satisfactory range of four per cent (above or below two per cent) due to a modest fall in food prices.