Stock Market Today: Stock market tremendous comeback, Sensex rose 1100 points, enthusiasts of Adani shares high

Stock Market Opening Today: The Indian stock market has seen a tremendous rise in the afternoon. Today, the bulls have returned to the market once again and the investors were seen with enthusiasm. By 12:57 pm on April 17, the BSE Sensex reached 78,146.50 with a strong jump of 1,102.21 points (1.43%). At the same time, the Nifty 50 index was also strengthened and it was trading at 23,736.20 by climbing 299.00 points (1.28%).

Adi Group’s shares also rose strongly

The impact of fast recovery in the stock market is also being seen on the shares of Adani Group. In the afternoon business, all the shares of the group including the flagship company Adani Enterprises saw a boom. In which Adani Energy Solutions gained 3 percent with the biggest gain. At the same time, Adaani Ports also rose more than 2 percent.

Stock market started weak

Today i.e. Thursday morning, the domestic stock market started with weakness. Both the Sensex and Nifty were opened in the red mark. The Sensex was trading at 76,706.16 at around 9.27 am today, at around 9.27 am after a three -day lead, at 76,706.16, while the Nifty was trading at 23,316.45 with a decline of 120.75 points or 0.52 percent. The weak signals received from the global market and the pressure on IT shares weakened the sentiment of investors.

Selling in IT and Auto sector

In early trade, selling was seen in IT and auto sector. The Nifty Bank was trading at 53,180.00 with a gain of 62.25 points or 0.12 percent. The Nifty Midcap 100 index was trading at 52,300.65 after a decline of 44.90 points or 0.09 percent. The Nifty Smallcap 100 index was at 16,347.85 after a decline of 1.40 points or 0.01 percent.

Gainers and luzers

The Sensex pack featured HCL Tech, Tech Mahindra, Infosys, Tata Steel, TCS, L&T, M&M, Bajaj Finance, Titan, Asian Paints, Nestle India, Tata Motors Top Loisers. At the same time, ICICI Bank, Bharti Airtel, Sun Pharma, NTPC and HDFC Bank were the top gainers.

The bounce was shown on the last day, the market had climbed for the third consecutive day

On Wednesday, the market showed strong recovery. The Sensex climbed 309.40 points to close at 77,044.29 and the Nifty also recorded a gain of 108.65 points, which took it to 23,437.20. Banking shares performed well behind this boom.

Index climbed more than 4% in three days

During the last three business days, there was a good jump in the stock market. The Nifty 50 has increased by about 4.6% while the Sensex has increased by 4.3%. This recovery seems to be balanced on April 2 after concerns related to the reciperoor tariff.

Market got support from FII purchases

Foreign investors (FIIs) also showed confidence in the market on Wednesday. According to the stock market data, FII bought shares worth about Rs 3,936 crore. This gave the market support and the confidence of traders increased.

Global market mixed trend

Signs from markets around the world are currently mixed. Dow Jones fell 1.73 per cent to close at 39,669.39 in the previous trading session in the US markets. The S&P 500 index fell 2.24 per cent at 5,275.70 and Nasdaq 3.07 per cent to close at 16,307.16.

Large chip companies like Nvidia in the US have warned that their costs may increase due to new American sanctions on exports to China. Apart from this, Federal Reserve Chairman Jerome Powell has said that there are signs of lethargy in the US economy, which has increased the concern of investors.

Flat trading in Asian market

Talking about Asia, MSCI’s Asia X-Japan index remained flat on Thursday morning. Earlier on Wednesday, this index fell to 1%. Jakarta was trading on the red mark in the Asian markets, while Japan, Sol, China, Bangkok and Hong Kong were trading on green mark.

US President Donald Trump has prevented some reciperook tariffs for 90 days, but the trade tension with China is still there, which is under global market pressure.