Sensex accelerates as share market opens, NTPC-ONGC crosses green mark

Sensex accelerates as share market opens, NTPC-ONGC crosses green mark

In the BSE Sensex of Share Market, there was a slight rise in the Pre Opening session on Wednesday. However, when the market opened, it quickly went away and the BSE Sensex opened down 225 points. Nifty also opened 43 points down at 14808 points.

Sensex was the biggest gainer among the 30 stocks of NTPC, ONGC, Powergrid and others. Commodity prices were the reason for the market crash yesterday.

Sensex got off to a poor start on Tuesday in the Bombay Stock Exchange (Sensex opening today). The main index of the stock market fell by over 450 points to open at 49,043.

Stocks fell except for Sunpharma Stock Price, NetleIND Stock Price, Dr. Reddy Stock Price and Powergrid. On the other hand, the start of Nifty 50 was also weak. The index opened 135 points down at 14807 points.

Share Market had climbed on Monday?

However, on Monday, the market recorded an increase for the fourth consecutive day. Sensex gained 296 points due to buying pharmaceutical, power and bank stocks.

The NSE Nifty also closed above the 14,900 marks. In the face of positive signs of global markets, investors did not give much attention to the concern of increasing cases of Coronavirus.

Sensex gained 295.94 points

The BSE Sensex rose 295.94 points, or 0.60 percent, to 49,502.41 points, and the Nifty improved 119.20 points, or 0.80 percent, to close at 14,942.35 points.

Also read - Stock Market Closes For Fourth Consecutive Session; Sensex Rises 296 Points: Metal, Pharma Stocks Continue To rising.

Investor again rich according to Sensex?

Investor's wealth increased by Rs 6,44,760.45 crore due to the sharp rise in the stock markets for the last four consecutive days.

The Bombay Stock Exchange's Sensex rose 1,248.90 points or 2.58 percent in the last four trading sessions. On Monday, the Sensex gained 295.94 points, or 0.60 percent, to reach 49,502.41.

No effect of coronavirus on Sensex?

Meanwhile, the market capitalization of listed companies on the Bombay Stock Exchange increased by Rs 6,44,760.45 crore to Rs 2 crore 13 lakh 28 thousand 685 crores 05 lakh in the four trading sessions from May 5 onwards.

Experts say the global market is showing favorable signs, with the March quarter results of the companies remaining well with favorable comments, while the Reserve Bank has announced liquidity support for business growth.

This time the nationwide lockdown has not taken place, in such a situation, investors have kept back the concern of increasing cases of coronavirus.

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