Today, on Tuesday, the Indian share market has once again started with a significant surge, with the Sensex touching 72,964 and the Nifty reaching 22,150 levels. However, behind the market’s strength, there could be several significant reasons. Yesterday, the market abruptly changed its direction. Experts believe this could be a pre-election market. However, some shares have also shown a decline in early trading today.
Sensex Surges by Over 200 Points
Before today, i.e., on May 13th, the market also witnessed a rise in early trading, followed by a flat close. Information suggests that today too, in early trading, the market saw a surge of over 200 points in the Sensex. As a result, the Sensex traded at the level of 72,964.
Nifty Opens with a Gain of Nearly 50 Points
In fact, today, i.e., on Tuesday, Nifty opened with a gain of nearly 50 points at the level of 22,150 in early trading. Moreover, out of the 30 shares in the Sensex, 25 showed gains while 5 witnessed a decline.
Top Gainers Today
The top gainers in the market today included Shriram Finance, Hindalco, BPCL, ONGC, Coal India, Power Grid, and HDFC Life shares. Additionally, there was significant growth in the shares of BSE Limited, Bharat Electronics, ONGC, All Cargo Logistics, Bata India, Larsen & Toubro, HCL Tech, Vipro, HDFC Bank, Kotak Mahindra Bank, and Infosys. On the other hand, weakness was observed in the early trading today in the shares of Sipla, Bajaj Auto, Tata Consumer, Divis Labs, Apollo Hospital, Asian Paints, and Britannia. Meanwhile, ICICI Bank, TCS, and Asian Paints shares were seen in the green zone.
Auto Index and Bank Index
Information suggests that the Nifty Auto Index witnessed trading in the green zone during the early market hours today, indicating significant growth. Additionally, there was also a surge in the Bank Index today.
With these fluctuations and the ongoing market trends, investors and analysts are closely monitoring the situation, anticipating further developments as the day progresses.