August 15, 2022
Share Market Today: Sensex and Nifty rise after huge ups and downs

Share Market Today: Indian Benchmark Index started the trading day on a strong note but the day trading was very volatile. Before the close of the market, there was a rise and the index (Sensex) climbed a few points. Nifty closed around 17,400 at the end of the highly volatile session. At close, the Sensex was up 214.17 points or 0.37 per cent at 58,350.53 and the Nifty was up 42.70 points or 0.25 per cent at 17,388.20. About 1337 shares rose, 1934 shares declined and 133 shares remained unchanged.

gains in these stocks

Tech Mahindra, TCS, Infosys, Asian Paints and Titan Company were among the major gainers on the Nifty. Maruti Suzuki, Sun Pharma, Tata Motors, Kotak Mahindra Bank and Coal India are among the losers. Barring Information Technology, all other sectoral indices closed in the red. The BSE Midcap index lost 0.6 percent and the Smallcap index fell 0.28 percent. FMCG and select financial stocks witnessed profit-booking.

fall in these stocks

Sector-wise, the BSE Telecom index lost 1.5 per cent. Energy, auto and capital goods indices were down more than one per cent each. Despite trading softness, select stocks were buzzing in trades and showed keen interest in the market.

Analysts say that the technology sector is witnessing tremendous growth at this time. Today, the share price of Subex on the BSE touched 20 percent upper circuit at Rs 33.30. This company has announced that Reliance Jio Platforms has partnered with Subex Hypersense AI to enhance its 5G product line. The stock has fallen 45 percent from last year’s 52-week high of 62.50. The stock has gained 36 per cent in the last one month and 26 per cent in the last five days. Jio Platforms will offer its cloud native 5G core to telcos globally with Subex’s HyperSense to enable closed loop network automation, product performance and customer experience, the company said in a press release.

global market

European stocks opened lower on Wednesday on investor panic due to US House Speaker Nancy Pelosi’s visit to Taiwan and heightened tensions between the US and China. London’s benchmark FTSE 100 index slipped 0.3 per cent to 7,387.34 points. In the eurozone, the Paris CAC 40 fell 0.1 per cent to 6,401.84 points from Tuesday’s closing level, and the Frankfurt DAX fell 0.4 per cent to 13,396.70 points. There is a sell-off in the market amid US-China tensions and investors trying to gauge the outlook for the global economy.

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