MY FINANCE GUIDE – Stock Market Open Today- After the rise in the stock market on Thursday, once again there was a rise in the initial trading of the stock market on Friday and BSE Sensex was functioning at the level of 65820 with a rise of 188 points. Similarly, Nifty of National Stock Exchange was functioning at the level of 19604 with a gain of 58 points. In Friday’s pre-open session, Sensex was registering a rise of 230 points while Nifty was functioning above 19620.
The reason behind the rise in the stock market was the strength of the Asian stock markets. With this, enthusiasm was seen in the stock market after the weakness in the price of crude oil. On Friday, GIFT Nifty had opened with a rise of five points, indicating that recovery could be seen in the stock market.
Siddharth Khemka, Head of Research Retail Research, Motilal Oswal Financial Services, said that although the stock market has returned bullishly, Nifty is expected to remain in a range. Investors need to keep an eye on America’s weekly unemployment data.
In the early trading of the stock market, the shares of all the nine listed companies of Gautam Adani Group were registering a rise. Adani Enterprises Limited was functioning at the level of Rs 2494 with a rise of Rs 28, while the shares of the remaining eight companies were registering a rise of up to one percent.
In early trading on Friday, Nifty Midcap 100, BSE Small Cap, Nifty IT and Nifty Bank indices were registering a rise. Talking about the stocks which showed rise in the early trading of the stock market on Friday, these included shares of JSW Steel, Bajaj Finserv, Tata Steel and Cipla, while the list of top losers included Hindustan Unilever, Bharti Airtel, Larsen & Toubro and Axis Bank. Shares included.
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