Mumbai: The stock market has shown tremendous momentum on Thursday after a five-day decline. The Sensex at the Bombay Stock Exchange gained 87.37 points, or 0.6 percent, to close at 39,543.73 at the start of the morning trading. The Nifty fifty opened at 11,290.40 with a lead of 19.1 points. The stock market has continued to pick up since the market opened.
During the trading session, the Sensex climbed 178.3 points to trade at 38025.95 at around 10.30 am. At the same time, the Nifty 50 was found to be trading at 11320.55 with an increase of 49.25 points. Earlier on Wednesday evening, the Sensex had plunged 135 points to close at 37,848, and the Nifty also lost 60 points to close below the psychological level of 11,300. Today, shares of SAIL, ICICI Prudential, Bharti Airtel and Berger Paint have shown an upward trend.
At one point, the Sensex went up 322.22 points to 38,169.87 but came down after some time. The Nifty Nifty went up 90 points to 11,361.40. In addition, shares that are declining include shares of IDFC First Bank, Syndicate Bank, and Asian Paints. As soon as the business starts this morning, the sectors, apart from IT and energy, opened with a green mark. These include Pharma, FMCG and Auto Stock.