BSE Sensex Gains Over 700, Nifty 50 Crosses 16,800

BSE Sensex Gains Over 700, Nifty 50 Crosses 16,800

The two Indian stock market indices mentioned here are not only in the ‘green’ today but the magnitude of the increase is also notable. The BSE Sensex and Nifty 50 gained substantially within just a few minutes into the trading session on Thursday, July 27, 2022. The market had earlier been bearish for two consecutive sessions on Monday and therefore it was estimated to go down further. However, traders started buying stock aggressively which led to an upside movement on Wednesday.

The bullish rally did not stop there and extended into today’s trading session. BSE Sensex was up by 1.34% or 748.27 points and was trading at 56,564.59 at the time of writing on Thursday. On the other hand, the Nifty 50 Index crossed the 16,800 mark which was not expected looking at its performance at the beginning of the week. It was up by 1.1% and traded at 16824.25 (up by 182.45 points) at press time.

nifty-50-performance
Nifty 50 Performance (Source: NSE)

Earlier, the Nifty 50 Index closed at 16,641.80 on Wednesday. At about 9 a.m. IST, the index was at 16,657.80, which showed a flat change. However, the upward trend that started thereafter pushed it to open at 16,774.85, representing a gap-up of 133.05. This Nifty gap-up figure is the most significant one since the last week.

Top Movers Today

The Bank Sector has been leading Nifty again it seems. Here are the top Indian stocks from the sector that saw a substantial increase.

1. Bajaj Finance Limited

Bajaj Finance Limited (NSE: BAJFINANCE) saw its share prices rise by 9.12% and trade at INR 6,980.00 (up by 672.50 points) at the time of writing today.  The trade volume of the stock stood at 31,12,719, worth INR 2,12,880.41 lakhs.

2. Bajaj Finserv Limited

Bajaj Finserv Limited (NSE: BAJAJFINSV) saw its stock prices increase by 7.95% and trade at INR 14,365.40 (up by 1058.35 points) at the time of writing today.  The trade volume of the stock stood at 6,96,234, worth INR 97,948.50 lakhs.

3. Indusind Bank Limited

Indusind Bank Limited (NSE: INDUSINDBK)  saw its equity stock value gain by 3.04% and trade at INR 1,009.55 (up by 29.75 points) at the time of writing today.  The trade volume of the stock stood at 29,96,397, worth INR 30,107.80 lakhs.

The bullish performance of the BSE Sensex and Nifty 50 is expected to maintain the same momentum till the end of today’s trading session. Therefore, the investors who were earlier worried about a prolonged downtrend can be relieved until further updates come in.

406 Views
Avatar photo

Sahil Patil

Investing decisions should be precise and correct as that involves huge sums of money. So if you have to consider a good investment advisor, then you can surely count on Sahil Patel. He has been in the investing business for the last 5 years and will surely help you in your investment decisions.

Leave a Reply

Your email address will not be published. Required fields are marked *

AdBlock Detected

Looks like you are using an ad-blocking browser extension. We request you to whitelist our website on the ad-blocking extension and refresh your browser to view the content.