Sensex again touches sky, market open with excellent growth

Jul 13 2020 01:26 PM
Sensex again touches sky, market open with excellent growth

On the opening day of the week, the trading stock markets started with a rise. Bombay Stock Exchange's flagship index Sensex started at 36890.70 with a gain of 296.44 points i.e. 0.81 percent. The Sensex has crossed the 37,000 level in the midst of initial trading. Nifty of the National Stock Exchange opened at 10863.95 with an increase of 0.89 percent i.e. 95.90 points. At 9:43 am, the Sensex is trading up 346.55 points at 36,940.88, while the Nifty is trading at 10,872.90 points after gaining 104.85 points. Out of 50 stocks of Nifty, 48 stocks are trading with green mark, 1 share with red mark and 1 without change. The stock of Reliance Industries has also seen a boom on Monday. At 9.16 am, it has started trading at the level of 1904.35, up 26.30 points (1.40 per cent). Whereas on the previous trading day it ended at the level of 1878.05.

RIL became the first Indian company to reach a market capitalization of 12 trillion on Monday, its shares have risen since mid-March. The company is going to organize its annual general meeting this week. On Monday, its shares have appeared on the NSE with a gain of 2.79% to trade at Rs 1930. Its shares have increased by more than 120% since mid-March, while so far this year it has increased by 25 percent.

Qualcomm Ventures, an investment arm of Qualcomm Incorporated, will invest Rs 730 crore in Reliance Industries' digital wing Jio Platforms. Through this investment, Qualcomm Ventures will buy 0.15% stake in the digital unit of RIL. If we talk about big shares, today the shares of all the companies, except TCS and India Airtel, started with an increase. Top leading stocks include Tata Motors, SBI, IndusInd Bank, Bajaj Finance, JSW Steel, Hindalco, Tata Steel, Bajaj Finserv and ICICI Bank. The stock market ended on the red mark last Friday. The Sensex lost 0.39 percent to close at 143.36 points at 36594.33. Nifty fell 0.42 percent, down 45.40 points to close at 10768.05.

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