The index has recovered the entire loss in the year 2020. It closed at 41,306.02 on January 1, 2020. The impact of Joe Biden's victory in the US election was clearly visible. The stock market has been closing rapidly for the last six trading sessions. However according to analysts, further market volatility will continue. Hence investors should be cautious.
State of heavy stock
Talking about the big stocks, today HCL Tech, Shree Cement, Axis Bank, Cipla and Tech Mahindra started at a fast pace. At the same time, shares of Infosys, Doctor Reddy and Divis Lab opened on the red mark.
Monitoring of sectoral index
If we look at the sectoral index, today, apart from pharma and IT, all sectors opened on the green mark. These include banks, finance services, private banks, metals, realty, PSU banks, media, FMCG and auto.
This was the condition of the stock market during the pre open
During the pre-open at 9.02 am, the Sensex was up 132.63 points, or 0.31 per cent, at 42730.06. The Nifty was at 121.50 points, or 0.98 per cent, at 12582.50.
The market had closed on the green mark on the previous trading day
The stock market closed at a strong edge on the previous trading day. The Sensex-Nifty reached a new peak yesterday. The Sensex gained 1.68 percent to close at 42597.43, up 704.37 points. At the same time, the Nifty closed at the level of 12461.05 with a gain of 1.61 per cent (197.50 points).
The market was open on Monday on the rise
The stock market opened higher on Monday. The Sensex opened up 503.93 points (1.20 per cent) at 42393.99 and the Nifty opened 135.85 points higher (1.11 per cent) at 12399.40.