During the trading, the Sensex saw a maximum gain of 1078 points, today the biggest rally has been recorded in the metal sector. Sector index closed up 2.94 per cent
Market recovers after two days of decline
After two consecutive days of sharp fall, the stock market managed to close in the green today. In Tuesday’s trading, the Sensex gained 497 points to close at 56,319 and the Nifty closed at 16771 with a gain of 157 points. During the trading, the biggest gains were recorded in the metal sector stocks.
how was today’s business
Today started with gains in the stock market and the major indices reached their upper levels by afternoon trading. In today’s trading, the Sensex had reached its highest level of 56,900.74 on the day. Which was 1078 points above the previous closing level. Although the market was not able to maintain its upper levels and the Sensex closed with a fall of about 600 points from the upper levels, today’s rise in the stock market was seen due to buying in the metal sector and heavyweight stocks. Both TCS and Reliance Industries have closed today with a gain of about one and a half percent.
Where did investors gain and where did they lose
In today’s business, the biggest increase has been seen in the metal sector. The sector index closed higher by 2.94 per cent. At the same time, 2.54 percent in Media Sector, 2.06 percent in Consumer Durables Sector, 1.98 percent in IT Sector, 1.61 percent in Realty Sector, 1.16 percent in Energy Sector, Oil & Gas, Bank and Auto Sectors also closed with gains today. But their growth was less than 1 percent. In the broad market, except the Nifty, all the other sector indices have seen an increase of one percent. Nifty Next Fifty has gained 1.89 percent and Nifty Midcap 50 has gained 1.44 percent. At the same time, the volatility index, which measures the fear about the future among investors, has fallen by 7.52 percent.