Share market updates: Stock market jumps on the last day of the week, Sensex rises by more than 500 points

Sensex jumps over 500 points.

The jump continued in the early trade and the Sensex is seeing a rise of more than 500 points. All the stocks in the top-30 of the Sensex are in the green mark. At present all the indices are in green mark. At present, banking and financial indices are the biggest gainers.

in the last trading session of the week Share Market ,Share market updates) open with speed. This morning Sensex rose by 388 points at the level of 52654, Nifty with a jump of 100 points at the level of 15657 and Nifty Bank opened at the level of 33434 with a jump of 300 points. The jump continued in the early trade and the Sensex is seeing a rise of more than 500 points. All the stocks in the top-30 of the Sensex are in the green mark. At present all the indices are in green mark. At present, banking and financial indices are the biggest gainers. Currently, IndusInd Bank, Hindustan Unilever, Tata Consumer, Britannia and Bharti Airtel are the top-5 gainers in Nifty-50. Tech Mahindra and Asian Paints are seeing a decline.

Due to the recovery in the global market, the Indian market opened with a boom today. Yesterday, the US market recorded a rally, as bond yields slipped to a two-week low. Yesterday the rupee had closed at a record low of 78.32 against the dollar. This morning it opened at the level of 78.22 with the strength of 10 paise.

Strong potential for Airtel

There was a spectacular correction of 20 percent in Bharti Airtel as compared to the April high. Amit Trivedi of Yes Securities said that now there is a possibility of a rise in this stock again. This stock can see a rise in the short term. The target price has been kept at Rs 710 and for this stoploss has to be fixed at Rs 632. According to a report here, due to the removal of floor rate of 3 percent in spectrum usage charge, telecom companies will save Rs 5400 crore on an annual basis. Bharti Airtel alone will save 2100 crores annually.

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