Market opens on green mark amid mixed global cues, Nifty crosses 14750

Mumbai. In the midst of mixed global cues, the beginning of the domestic market on Wednesday is close to the edge. The Nifty 50 has once again managed to cross 14,750. On Wednesday morning at 09:16, Bombay Stock Exchange’s leading index Sensex was seen trading at 49,874.72 with an increase of 123 points i.e. 0.25%. Whereas, the Nifty is also trading with a gain of 14,743.80 points with an increase of 36 points i.e. 0.24 per cent. In early trade, 931 stocks gained, while 272 stocks declined. There was no change in 46 shares. From March, GAIL’s Tata Consumer Products will be included in the Nifty 50 Index. After this news, GAIL India’s stock fell 1.56 per cent on BSE and was seen trading at Rs 145.05.

Almost all sectors on the sectoral front are trading on the green mark. These include auto, banking, capital goods, consumer durables, FMCG, pharma, IT, metal, oil and gas, PSUs and tech sectors. Small cap and midcap indices are also seeing an increase. CNX Midcap is also trading at a green mark.

Today, Tata Steel, Tata Motors, Reliance and Maruti Suzuki are seeing good purchases in stocks. However, TCS shares are seen selling. Apart from this, UPL, Power Grid Corporation, Gail India and Infosys are also doing business on the red mark. Today, Coal India, Hero MotoCop, IOCL, BPCL are also showing growth.

Also Read: Good News! In 2021, on average, salary will increase by 7.7 percent, they will be the biggest beneficiariesProvisional data on the National Stock Exchange shows that on February 23, 2021, foreign institutional investors (FIIs) sold shares worth Rs 1,569.04 crore. On the other hand, domestic institutional investors (DII) have bought shares worth Rs 216.67 crore on Tuesday.

Poor start of Asian markets
On Wednesday, the Asian market started with a decline. Investors seem cautious about rising interest rates in the US and concerns over equity valuation. However, SGX Nifty had indicated the opening of the green market of the Indian market. Barring SGX Nifty and Straight Times, all other Asian indices are trading on the red mark. These include Nikkei 225, Hangseng, Taiwan Index, Kospi and Shanghai Composite.

Also read: These banks are the best for taking a personal loan! See how much interest rate is in the top 10 banks

State of american markets
On Tuesday, the S&P 500 and the Dow index were seen trading in the positive zone on Wall Street. After the trading session on Tuesday, the Dow Jones Industrial Average closed up 15.66 points, or 0.05 per cent, the S & P500 index up 0.13 per cent. However, the Nasdaq Composite Index closed down 0.5 per cent.

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