As the market opened on Monday, investors witnessed the stock market's powerful start. Defying the previous week's decline, the BSE Sensex leapt more than 400 points, while the NSE Nifty kicked off trading with a surge of over 130 points. Amid this upturn, shares of oil marketing giant BPCL soared by 2.35%, reaching the 599.55 INR mark.
Sensex opens with a 445-point leap
In the early hours of trading at 9:15 AM, the Bombay Stock Exchange's Sensex opened at 73,534.21, up by 445.88 points or 0.61%, outperforming its previous close from the last trading session of the week at 73,088. Concurrently, the National Stock Exchange's Nifty started the day at 22,290.50, climbing 143.50 points or 0.65%. The latter had concluded the prior Friday at 22,147.
2018 shares kick off in the green
As the market came to life, approximately 2018 shares experienced a rise, while 352 shares dipped, and 122 shares remained unchanged. BPCL shared the spotlight with its robust opening jump of 2.35%. Reliance Industries, led by Mukesh Ambani, opened on a positive note ahead of announcing their quarterly results.
Reliance Shares opened at 2944 INR. Last Friday, Reliance Industries Ltd's shares closed at 2,943.05 INR, enjoying an uptick of 0.49% or 14.40 INR. Additionally, stocks of Axis Bank, Bajaj Finance, L&T, and Adani Enterprises all made impressive début. Conversely, HDFC Bank's share commenced its trading with a slight dip.
Fierce Rally in These Five Shares
Out of the Sensex's 30 companies, shares of 28 saw gains. Among those, BPCL, along with Ultratech Cement (up 1.95%), L&T (1.81%), Wipro (1.77%), and Tech Mahindra (1.70%), witnessed significant trading jumps from the get-go.
Impending Reliance Q4 Results to Watch
During today's session, attention is focused on Reliance Industries, led by Asia's richest man, Mukesh Ambani. The highly anticipated quarterly results could influence the company's stock performance. Following a minor increase the previous Friday, Reliance's shares began the week in the green, poised for potential impact.
