Stock Market Updates: Sensex, Nifty move higher before opening

Today’s stock market update: On January 30, Indian stock indices opened on a positive track with the Nifty crossing the 21,750-point mark. The Sensex rose 152.63 points, or 0.21%, to 72,094.20 points.

Meanwhile, the Nifty rose 61.20 points, or 0.28%, to 21,798.80 points. Overall, 1,869 shares rose, 522 fell, and 102 remained unchanged.

Monday market

Benchmark stock indices Sensex and Nifty rebounded sharply on Monday, surging nearly 2%, boosted by strong buying in Reliance Industries and gains in Asian markets.

Also read: Stocks to watch on January 30: Reliance, ITC, GAIL, NTPC, Bajaj Finance and others

The 30-share BSE Sensex rose 1,240.90 points, or 1.76 per cent, to close at 71,941.57 points.

On the same day, the index surged 1,309.55 points or 1.85% to 72,010.22 points.

Nifty gained 385 points, or 1.80%, to 21,737.60 points.

investor income

Investor wealth climbed by 6 billion rupees on Monday, with the BSE Sensex up nearly 2% on heavy buying in Reliance Industries and gains in Asian markets.

The market capitalization of BSE-listed companies jumped by Rs 6,08,556.11 crore to Rs 3,77,20,679.19 crore ($4.53 trillion).

Among Sensex companies, Reliance Industries was the biggest contributor to the market’s gains, rising nearly 7%.

Tata Motors, Power Grid, Larsen and Toubro, Kotak Mahindra Bank, NTPC, Titan and UltraTech Cement were the other major gainers.

ITC, Infosys, JSW Steel, Tech Mahindra and Tata Consultancy Services were the laggards.

In Asian markets, Seoul, Tokyo and Hong Kong closed higher, while Shanghai closed lower.

In the broader market, the BSE midcap index gained 1.68% and the smallcap index gained 1.03%.

Among them, the energy index rose 5.29%, oil and gas rose 4.94%, electricity (3.03%), services (2.82%), capital goods (2.13%), industry (2.17%) and consumer durables (1.93%).

FMCG, IT and Tektronix Technologies are the laggards.

A total of 2,266 stocks advanced, 1,654 stocks declined and 141 stocks were unchanged.

(with PTI input)