Stock Market Today 11 July, 2023: Nifty Jumps Above 19,400, Sensex Soars 240 Pts

Stock Market Today: Today the local stock market opened for business with a boom. Sensex and Nifty are trading above important levels. Sensex has opened trading above 65500 and Nifty is seeing further levels from 19499.

How was the start of the market?

The BSE Sensex managed to open at 65,598.65 with an increase of 254.48 points or 0.39 per cent in today’s trade. Apart from this, NSE’s Nifty opened at 19,427.10 with an increase of 71.20 points or 0.37 percent.

Sensex-Nifty share position

Out of 30 stocks of Sensex, 25 stocks are trading with gains and 5 stocks are trading with losses. Apart from this, 40 out of 50 stocks of Nifty are seeing a rise while 9 stocks are seeing a decline. 1 share is still trading.

Status of Sectoral Index

Talking about the sectoral indices, today all Nifty indices are trading at a fast pace in the green mark. Business is seen with no change in the metal sector. Auto sector is seeing strength of 1.07 percent and healthcare of 0.78 percent. FMCG shares are trading with an increase of 0.76 percent. All other sectors are also witnessing growth.

US markets closed sharply higher

US markets closed higher yesterday. The Dow Jones closed up 210 points. The S&P 500 and Nasdaq also closed in the green. The S&P 500 index closed up 11 points. At the same time, the Nasdaq closed up 25 points. Now the market is eyeing the US earnings season. The market fears pressure on bank stocks.

Asian market

Asian markets are bullish today. An increase of 30 points is seen in GIFT NIFTY. At the same time, Nikkei is seen around 32357.32 with an increase of 0.54 percent. Growth is also being seen in straight times. It is doing business with a speed of 0.44 percent. At the same time, the Taiwan market is trading at the level of 16860.71 with an increase of 1.25 percent. While the Hang Seng is seen at the level of 18671.42 with an increase of 1.03 percent. At the same time, the Kospi is witnessing a 1.12 percent gain. While the Shanghai Composite showed a growth of 0.24 percent at the level of 3208.42.

Shares covered by F&O restrictions

7 stocks Indiabulls Housing Finance, Punjab National Bank, Zee Entertainment India, Granules India, India Cements, BHEL and Delta Corp are under F&O ban on NSE from July 11. Let us tell you that if the position in the securities exceeds their market wide position limit, the stocks included in the F&O segment are placed in the restricted category.

Statistics of FII and DII

On July 10, foreign institutional investors in the Indian markets poured Rs. 588.48 crore was purchased. Local institutional investors also contributed Rs. 288.38 crore was purchased.