Stock market started trading on the last trading day of the week with a surge. With the postponement of the war between the US and Iran, the stock market seems to be trading up for the second consecutive day. The BSE major index Sensex opened with a gain of 116 points at 41568.20. At the same time, the NSE Nifty climbed about 55 points to open at 12,271.00.
In early trade, the market appeared to be trading in a range. The Sensex was seen trading up 151.56 points at 41,603.91 at 9.50 am and 10 points below the opening level of the Nifty at 12,261.30. In the first half hour, the Sensex saw a high of 41,647.60 and a low of 41,505.80 points.
Among the Sensex stocks that have seen the biggest gains are Sun Pharma, Infosys, Kotak Mahindra, Hero MotoCorp, HCL Tech, Ultratech Cement and NTPC. At the same time, IndusInd Bank, PowerGrid, Axis Bank, ICICI Bank, Asian Paints and HDFC are the leading losers.
Talking about the Nifty, Infratel, Dr Reddy's, Sun Pharma, Coal India and GAIL are on top among the stocks that have an edge. At the same time, G Limited, IndusInd Bank, BPCL, ICICI Bank and JSW Steel are seeing a decline.
The stock market sparked a Diwali-like atmosphere on Thursday with Trump's proposal not to escalate the confrontation with Iran. The Sensex was up 635 points at 41,452.35 and the NSE Nifty was up 190.55 points to close at 12,215.90.