Vikrant Shekhawat : Jan 28, 2025, 10:13 AM
Share Market Today: The domestic stock market started the trading session on Tuesday with a strong performance, offering positive signals to investors. The Bombay Stock Exchange (BSE) Sensex and the National Stock Exchange (NSE) Nifty showed significant gains in the first hour of trading.
Big Surge in Sensex and Nifty
- Sensex surged by 402.45 points, opening at 75,768.62.
- Nifty also saw an increase of 104.65 points, reaching 22,933.80.
- Nifty Bank witnessed a rise of 407.25 points, trading at 48,471.90.
Top Gainers and Losers
In the early part of the trading session, some major stocks provided good returns to investors, while others incurred losses.Top Gainers:
- Axis Bank
- Bajaj Finance
- Infosys
- HDFC Bank
- ICICI Bank
Top Losers:
- UltraTech Cement
- PowerGrid
- NTPC
- M&M
- Sun Pharma
Surge in Midcap and Smallcap
- Nifty Midcap 100 gained 212.85 points, reaching 52,008.75.
- Nifty Midcap 50 rose by 46.80 points, trading at 14,473.85.
- Nifty Smallcap 50 also gained 11.40 points, trading at 7,789.30.
Asian Market Overview
The Asian markets showed mixed trends.- The S&P 500 dropped by 1.5%, mainly due to a 16.9% fall in Nvidia shares.
- The Nasdaq Composite saw a 3.1% decline, marking the worst drop in over a month.
- On the other hand, the Dow Jones Industrial Average performed better, rising by 289 points (0.7%).
Performance of the US Market and Currency Market
- After Monday's selling, US equity futures showed some stability on Tuesday.
- The 10-year Treasury yield rose to 4.55% after a 9-basis point drop on Monday.
- The Bloomberg Dollar Spot Index increased by 0.3%, continuing Monday’s upward trend.