Stock Market Opening: Market Sees Strong Start as Nifty Gains 87 Pts, Sensex Up 261

Indian stock markets opened strong after a long weekend, with NSE Nifty and BSE Sensex registering gains of 87 and 261 points respectively, showing continued bullish momentum.

Vinayak Hagargi
June 18, 2024
11:24 am
1 min read

Indian stock markets started the week on a high note with significant gains. The NSE Nifty surged 87 points, reaching 23,552, while the BSE Sensex increased by 261 points. This positive trend follows a long weekend, suggesting sustained bullish momentum.

During the opening session, several Sensex stocks experienced declines. Notable among the losers were Maruti Suzuki India, UltraTech Cement, and Kotak Mahindra Bank. Reliance Industries and Asian Paints also saw their share prices drop.

Conversely, some companies on the BSE Sensex made notable gains. Leaders in the advance were Wipro, Mahindra & Mahindra, and Titan, along with Tech Mahindra and Power Grid Corp. These gains contributed to the overall positive market sentiment.

In pre-opening trades, the indices showed robust growth. The NSE Nifty was up by 105.20 points, trading at 23,570.80. Meanwhile, the BSE Sensex gained 242.54 points to stand at 77,235.31.

The previous trading session on Friday also ended on a positive note with the Sensex and Nifty closing higher. The Nifty 50 achieved a record high, ending up 66.70 points, while the Sensex added 181.87 points.

Vinayak Hagargi

Vinayak is a passionate financial markets enthusiast with 4+ years of experience. He has curated over 100 articles simplifying complex financial concepts. He has a unique ability to break down financial jargon into digestible chunks. Vinayak aims to empower newbies with relatable, easy-to-understand content. His ultimate goal is to provide content that resonates with their needs and aspirations.

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