After seeing a negative sign in Stock market, Indian Stock Market back with a bang in a positive trend, and shows in a green sign, According to trading experts, Due to elections, variations in stock market currently flows in short term,not a very long term.
If there’s a correction within the stock exchange post poll outcome would be short term, and therefore for the long run investors the amount of 8400 to 8500 may be a smart shopping for chance, because the fundamentals of the country is incredibly strong and therefore the future outlook is strong for the economy.
S&P BSE Sensex was trading at 249 points or a change of 0.87% at 28461.52rs. It touched a intraday high of Rs. 28534 and a low of Rs. 28033. Including shares of HUL, SBI, Coal India, Cipla, BHEL, Hinadalco, Larsen, ONGC gains while some of the stocks i.e. Hero motorcop, Sun pharma, ITC down at below level.
Talking about CNX Nifty, trading at 8613.30rs with 95 points or a change of 1.12%. Dr. Reddy labs[0.72%], Grasim [1.95%], Power Grid corp[0.99%] leads in a positive track. Nifty Midcap 50 was at 3315.10rs with above 56 points or a change of 1.78%.