New Delhi, April 15 (H.S.): Relief from the tariff war, especially the halt on tariffs imposed on electronics, has created an atmosphere of enthusiasm in the domestic stock market today. The trading began with a strength of more than 2 percent. After the market opened, there was a slight pressure for profit booking. Nevertheless, the domestic stock market continued to trade with a stormy surge during the first hour. After the first hour of trading, the Sensex was up 2.13 percent and the Nifty was up 2.12 percent.
After the first hour of trading, among the heavyweight stocks in the stock market, Tata Motors, IndusInd Bank, Shriram Finance, Larsen & Toubro, and Mahindra & Mahindra were trading with gains ranging from 4.71 percent to 4.02 percent. On the other hand, shares of Hindustan Unilever, Nestle, ITC, and Asian Paints were seen trading with declines ranging from 0.71 percent to 0.02 percent.
So far in the trading session, 2,464 stocks were actively traded in the stock market. Out of these, 2,257 stocks were trading in the green, making profits, while 207 stocks were in the red, incurring losses. Similarly, of the 30 stocks included in the Sensex, 27 stocks remained in the green with buying support, while 3 stocks were trading in the red under selling pressure. Meanwhile, of the 50 stocks included in the Nifty, 46 stocks were in the green and 4 stocks were in the red.
The BSE's Sensex opened today up by 1,694.80 points at a level of 76,852.06 points. After the market opened, the index surged to 76,907.63 points due to buying support. However, there was a brief period of selling pressure due to profit booking, causing the index to drop to 76,435.07 points. Despite the ongoing buying and selling in the market, after the first hour of trading, at 10:15 AM, the Sensex was trading at a level of 76,757.60 points, up by 1,600.34 points.
Similarly, the NSE's Nifty started trading today with a jump of 539.80 points at a level of 23,368.35 points. However, after the market opened, the index fell about 160 points to 23,207 points due to selling pressure from profit booking. After that, buyers intensified their purchasing, which led to an increase in the index's momentum. Amid the ongoing buying and selling in the market, after the initial hour of trading, at 10:15 AM, the Nifty was trading at a level of 23,312.20 points, up by 483.65 points.
Earlier, on the last trading day of the previous week, Friday, the Sensex closed at a level of 75,157.26 points, gaining 1,310.11 points or 1.77 percent. Meanwhile, the Nifty ended Friday's trading at a level of 22,828.55 points, up by 429.40 points or 1.92 percent.
Hindusthan Samachar / Jun Sarkar