Stock Market: Today was a very encouraging day for the stock market. While Sensex and Nifty showed a strong rally, Auto, Financial Services, FMCG, Metal, Pharma, Consumer Durable, and Oil & Gas sectors also remained in the green today. On the other hand, Realty, PSU Bank and IT sectors are performing slightly disappointing.
Top Stock Updates: From Technology, Railways to Digital Payments
Today, shares of Mokwik fell by 6%, as Net1 Applied Technology sold its 9% stake through a block deal. On the other hand, shares of Texmaco Rail saw a great jump – the company received an order of Rs 535 crore from Cameroon’s CAMALCO, which led to a 9% rise in the stock. Tejas Networks also made a strong jump; its shares went up by 5% after a strategic partnership with Rakuten Symphony. Nestle India shares have gained 3% this week as the company is likely to propose issuing bonus shares in its board meeting.
Positive wave in global markets: US and European cues green
US S&P500 futures rose 0.2% and remained up for the fourth consecutive day the longest streak since May 19. Nikkei 225 futures in Japan rose 1.5% and the Topix index also remained in the green for the third consecutive day. Euro stocks also appeared to be in a positive trend.
Stock Market Rally: Banking sector shines, Nifty Bank touches record
The banking sector saw a tremendous rally, with NIFTY Bank setting a new record. Major banks like Axis Bank, HDFC Bank and ICICI Bank showed strong business, boosting investor enthusiasm.
Reliance Infra shares also celebrated 5% in this round, as its subsidiary Reliance Defence received an order worth Rs 600 crore from German defence firm Rheinmetall. This success strengthens the company’s credibility not only in the infrastructure but also in the defence sector.
Stock Market Rally: Ellenbarrie Industrial Gases made a splash in IPO trends
Ellenbarrie Industrial Gases’ IPO also saw tremendous enthusiasm. It was fully subscribed in three days, indicating that confidence and interest in it are increasing among QIB and NII investors.
Today’s market picture was proof that long-term investors are still active in the Indian economy, and there are still possibilities in many sectors.
Disclaimer: This article is based on general information and the latest trends only. The information given in this is for educational and information purposes only and should not be taken as investment advice. Please consult your financial advisor before making any investment decision.
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