Stock markets opened in green, midcap and smallcap regain momentum

Stock markets opened in green, midcap and smallcap regain momentum


Mumbai:

Indian stock markets opened with a big gain in Tuesday’s trading session. All the main indices of the market are trading in the green. At 9:22 am, the BSE Sensex was at 81,698 with a gain of 139 points or 0.17 percent and the NSE Nifty was at 24,988 with a gain of 52 points or 0.21 percent. After the decline in Monday’s session, buying is being seen in midcap and smallcap on Tuesday. The Nifty Midcap 100 index was at 59,036.45 with a gain of 687 points or 1.18 percent and the Nifty Smallcap 100 index was at 19,290 with a gain of 194 points or 1.02 percent.

Almost all the indices on the National Stock Exchange (NSE) are trading in the green. The biggest gainers are IT, PSU Bank, Pharma, Realty, Media, Energy and Infra.

Power Grid, Bharti Airtel, Axis Bank, Tata Steel, Sun Pharma, NTPC, Wipro, ITC, Titan, Nestle, JSW Steel and UltraTech Cement are the top gainers in the Sensex pack.

Bajaj Finserv, M&M, Bajaj Finance, Kotak Mahindra Bank, IndusInd Bank, HDFC Bank and TCS are the top losers. There is a mixed atmosphere in the Asian markets. The markets of Tokyo, Hong Kong, Jakarta and Seoul are in the green mark.

The US markets closed in the green on Monday. Market experts say that two types of trends are being seen in the market. First – selling is being seen in midcap and smallcap. Second – buying is being seen in banking stocks, which were not doing well for a long time.

This shows that now there is a trend of buying only good quality stocks. In such a situation, buying good quality and right valuation stocks on dips is the right strategy for investors.



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