Stock Market Escalated to Touch Summit

 Traders are on cloud-nine watching the huge opening of market today. Getting immense signals from Asian and American Market, Domestic Market did a tremendous opening today. BSE Sensex touching the summit jumped 325 points and NSE Nifty jumped 110 points to 7,858 points. Except Pharma index sector all other sectors are working positive.

Banking, auto, IT, Metal Goods, Power and Oil or Gas are witnessing strong buying. Nifty's Auto index 1.25%, IT Index 2.27%  and Metal Index 1.15% are gaining steadily. In BSE's Capital Goods index 1.25%,Power index 1%, and in Oil and Gas index 0.7% swiftness is seen. Bank Nifty reached level of 16765 by bouncing 2% up. In all indexes of Nifty buying is seen. In stocks of Tech Mahindra, Tata Motors, Hindalco, TCS, Ambuja Cements, Axis Bank, Adani Port, BHEL 2-9% of steady increase is seen. In Mid-Cap stocks Bajaj Holding, Jindal Steel, Exide, Ashok Leyland and India Bulls Housing rose by 2.6-1.9 %. On the other hand in Small-cap stocks Zee Media, Link Pens, R Systems, Automotive Excel were maximum incremented upto 12.6-6.7%.

Global market is rising due to the fact of good sales of New Homes in America. Impact of this is seen in domestic market too. Increment in banking stocks of Domestic Market have forced nifty and sensex to drift high. Sensex railed over 300 points this morning due to the sharp gain in the stocks of Infosys, TCS, HDFC Bank and ICICI Bank.

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