The market opened on a
strong positive note on Monday in the first trading session under GST-regime.
The 30-share BSE Sensex opened at 31,156.04, up by 234.43 points
while the broader 50-share Nifty started trading at 9,587.95, up by 29.25
points. In early trade, ITC gained by nearly 8 per cent.
However, the indices corrected itself immediately as bank and
technology stocks started losing. HUL, ICICI Bank and Infosys were other
gainers while Wipro, HDFC, HCL Technologies, TCS and Reliance Industries were
under pressure.
Experts believe that there will be volatility in the
market owing to initial hiccups in the implementation of the Goods and Service
Tax (GST).
At 11.12 AM, the market had extended gains as Sensex was at 31,219.88, up by 298.27 points while Nifty was at 9,605.60.20, up by 84.70 points.
Sensex and nifty closed on a negative note today. This blog is a good source to keep track record of market updates. Traders can refer experts advise on mcx tips to earn well from market.
ReplyDelete