The Indian stock market trended upwards on Thursday. The Sensex opened with a gain of 203 points. Shares of Maruti Suzuki, HCL Tech, and Mahindra & Mahindra were top gainers in the Nifty 50.
The Indian stock market saw an upward trend today, Thursday. The market's main indices were seen trading in the green, creating an atmosphere of enthusiasm among investors.
The Bombay Stock Exchange's (BSE) main index, the Sensex, opened with a strong gain of 203 points at the 77,388 level.
In early morning trade, at around 9:45 AM, the Sensex was trading with a gain of 213 points.
Similarly, the National Stock Exchange's (NSE) Nifty was seen trading with a gain of 0.23 percent or 57 points at the 24,136 level.
Out of the 30 stocks in the Sensex pack, 19 were trading in the green, while 11 stocks saw a decline. This indicates that buying had the upper hand in the market.
During this time, the top buying stocks in the Nifty-50 pack were HCL Tech, Mahindra & Mahindra, Tech Mahindra, Maruti Suzuki, and Bajaj Finance.
HCL Technologies' share was the top gainer in the Nifty-50 pack in early trade.
At 9:48 AM, the company's share was trading at Rs 1193.70 with a gain of 2.20 percent or Rs 25.70.
Regarding returns, this share has given a 3.78% return in the last week and 3.01% in one month. However, it has seen a decline of -23.61% in one year. The stock's PE is at 18.18.
The automobile sector giant Mahindra & Mahindra's stock also saw a good rally.
At 9:52 AM, this share was trading at Rs 3,128.40 with a gain of 1.48 percent or Rs 45.50.
This share has given a return of 1.34% in the last week, while it has registered a decline of -0.36% in one month and -2.19% in one year. This stock's PE is 23.02.
Investors also bought heavily in another major IT sector stock, Tech Mahindra.
At 9:55 AM, the company's share was seen trading at Rs 1517.80 with a gain of 1.27 percent or Rs 19.10.
This share has given an excellent return of 6.42% in the last week and 4.91% in one month. Meanwhile, it has declined by -5.60% in one year. The share's PE is at 30.57.
The shares of the country's largest car manufacturer, Maruti Suzuki, also showed a bullish trend.
At 9:58 AM, this share was trading at Rs 13,759 with a gain of 1.30 percent or Rs 176.
This share has given a return of 0.31% in one week and 0.58% in one month. In one year, this share has given a positive return of 9.60%. Its PE is 29.67.
Shares of the financial services company Bajaj Finance were also among the top gainers.
At 10:01 AM, this share was seen trading at Rs 1033.20 with a gain of 1.17 percent or Rs 11.90.
This share has given good returns to investors of 3.02% in one week, 7.76% in one month, and 12.19% in one year. This stock's PE is at 32.92.
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