Rudra Investment provides Free Share Market Tips, With strong figures of GDP growth, the stock market started on Monday with a rise. The Sensex opened at 38,916 with a surge of 271 points, while the Nifty rose 71 points to 11,752 levels. The sectoral index on NSE is just a fall in reality in early business. On the other hand, banking, auto, IT, metal, pharma, FMCG index is trading with the increase. The market has got support from heavyweight HDFC, Infosys, Wipro, ITC, RIL, Sun Pharma shares.
Bounce in mid-caps and smallcap stocks
Shopping in mid-caps and smallcap shares with large caps is also seen. BSE's mid-cap index has gained 0.40 per cent, while the Nifty Midcap 100 index has gained 0.48 per cent. BSE's Smallcap Index is trading with a gain of 0.35 per cent.
What stocks fall, the boom in
According to the Free Share Market Tips, During the business, Wipro, Tata Motors, Sun Pharma, Powergrid, Asian Paints, Infosys, L & T, Bajaj Auto, SBI, HDFC Bank, TCS, Tata Steel and ITC have gained in the heavyweights. However, ICICI Bank, HUL, ONGC, Reliance Industries, Axis Bank, Maruti have a fall trend.
Wipro's stock rises 9%
Wipro, one of the country's largest IT companies, has received the largest contract of its history ever since. On Monday, Wipro's stock jumped 9% to the news of getting the contract. Wipro has received a contract worth $ 150 million or more than 10,500 crores from the American company Elite Solutions LLC. Wipro's market cap rose sharply by around Rs 12,000 crore in the stock.
Foreign investors increasing confidence in the domestic market for the second consecutive month
Due to the better earning season, improvements on macro front and correction in mid and smallcap, foreign investors have been relying on the Indian capital market. In August, foreign investors invested Rs 5,100 crore in the capital market. This is the second consecutive month when foreign investors have invested in the Indian market.
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