Buy or sell: Ruchit Jain of 5paisa recommends buying Century Textiles and IRCTC today
Stock Market News: Domestic equity benchmark indices, the Sensex and Nifty 50, started Tuesday's trading mostly down but subsequently gained back some of their initial losses. The 30-share BSE Sensex opened lower by 145.74 points or 0.20% at 74,022.30 level while the Nifty 50 opened at 22,458.80 level, down 23.20 points or 0.10%. A bull market is defined by its capacity to reach new highs, according to Dr.
V K Vijayakumar, Chief Investment Strategist of Geojit Financial Services. This became clear when the Nifty 50 reached a new intraday high yesterday. In this optimistic scenario, which is marked by robust momentum and steady inflows in funds into the market, every decline will be bought, giving the market resilience.
The Sensex and Nifty 50, began the new fiscal year on an upbeat note, reaching new all-time highs in intraday trading before closing Monday's session in the green amid steady trends in Asian markets and foreign fund inflows. Also Read: Stock market today: Nifty 50, Sensex end higher; mid, smallcaps outperform; investors earn over ₹6 lakh crore in a day Market experts believe that Monday's trading session was fantastic for the bulls camp on Dalal Street since it saw the Nifty 50 reach a new all-time high of 22529.95 thanks to bargain hunting and fear of missing out buying. Nifty Metal (+3.62%), Nifty Media (+4.73%), and Nifty Realty (+4.21%) were the sectoral indices that concluded with strong gains.Nifty SmallCap index rallied 3% MidCap gained 1.58%.
Read more on livemint.com
