The stock market is continuously rising. On Thursday, Sensex and Nifty created history by setting record highs. Sensex touched the level of 82,220.68 points during trading. At 1.50 pm, Sensex was trading at 82,155 points, up 370 points, while Nifty touched an all-time high of 25,174.55 points. Nifty registered a rise of about 85 points at 1.50 pm.
However, amidst this rise, strong selling is being seen in midcap and smallcap stocks. Due to which investors are nervous. In today’s rise, IT and financial sector are supporting the market. Strong growth is being seen in both the financial companies of Bajaj Group.
Strong rise in Nifty-Sensex
Let us tell you, pressure was seen in the Indian market in early trade on Thursday. Because the US market fell sharply yesterday after Nvidia’s results, chip maker Nvidia’s better than expected results failed to impress some investors and the company’s stock fell by 7 percent.
At the same time, domestic investors will also be keeping an eye on the annual general meeting (AGM) of Mukesh Ambani-led Reliance Industries to be held this afternoon. Shareholders are eager to know about the plans of India’s largest business group to take advantage of emerging opportunities and accelerate growth in this meeting.
Which stocks are rising
Shares of Bajaj Finance and Bajaj Finserv have gained more than 2%, apart from this, Reliance Industries’ stock is witnessing a gain of about 2.5% before the AGM. Shares of ITC, Britannia and Apollo Hospitals are rising.
Among midcap stocks, Ajanta Pharma, Medanta and APL Appolo are seeing the highest gains, while shares of Nykaa and Tata Elexi are seeing a decline.
Source (PTI) (NDTV) (HINDUSTANTIMES)