The Indian stock market is witnessing a positive trend among investors on March 7th. This is evident from the surge in the market today. Reports indicate that the market has set a new all-time high during the early trading session.
Market Highlights for Today
Indian share markets have recorded a remarkable high today, with Sensex touching 74,242 and Nifty reaching 22,523. Several factors contribute to the strength of the market, including a decline in crude oil prices, increasing attraction for foreign investors, and a rising quantity of India’s forex reserves.
Morning Trading on Thursday
During the initial trading hours today, significant momentum was observed in the market. Sensex was trading at 74,063 by 11 AM, while Nifty was at 22,488.
Sector-wise Movement
In today’s stock market, Nifty Midcap 100, BSE Small Cap, Nifty Bank, Nifty Pharma, Nifty FMCG, and Nifty Financial Services indices are showing a positive trend. However, there is a weakness observed in Nifty IT and Nifty Auto indices. According to experts, investors may consider focusing on these sectors today.
Mukka Proteins Listing
Another significant event in today’s market is the listing of Mukka Proteins. It got listed on NSE at ₹40 with a premium of 42.9%, and on BSE at ₹44 with a premium of 57.1%. The issue price for Mukka Proteins was ₹28 per share, resulting in substantial gains for investors.
Market Status from Yesterday
Notably, the market set an all-time high yesterday as well. Sensex reached 74,151, and Nifty touched 22,497. Sensex concluded the day with a gain of 408 points at 74,085, while Nifty also closed higher, up by 117 points at 22,474.
Investors are encouraged to stay abreast of market developments and consider these trends when making investment decisions.