Report of Indian Share Market today
The share market has had a positive start today, with the benchmark indices trading higher, driven by buying in the banking and financial sector. The positive trend in the global markets has also boosted investor sentiment in the Indian market.
The share market has had a positive start today, with the benchmark indices, the BSE Sensex and the NSE Nifty, both trading higher. The BSE Sensex has gained over 200 points in the morning trade, while the NSE Nifty is up by 60 points. The positive sentiment in the market is being driven by buying in the banking and financial sector, with stocks such as HDFC Bank, ICICI Bank, and Axis Bank leading the gains.
The auto sector has also seen some buying, with stocks such as Tata Motors and Maruti Suzuki India Ltd trading higher. On the other hand, the IT sector has had a mixed start, with stocks such as Tata Consultancy Services and Infosys Ltd trading lower, while HCL Technologies Ltd and Wipro Ltd have gained.
The Indian rupee has opened higher against the US dollar, trading at 72.50 per dollar compared to its previous close of 72.62. The positive start in the Indian share market has come on the back of a positive trend in the global markets, with most Asian markets trading higher today.
In the global market, US stocks closed higher on Wednesday, with the S&P 500 and the Dow Jones Industrial Average both hitting new all-time highs, driven by a surge in technology stocks. The positive trend in the global markets has been driven by the progress in the COVID-19 vaccination drive, which has boosted investor sentiment.
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