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Stock market trends upward; Sensex, Nifty rise

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New Delhi, June 20 (HS): The domestic stock market displayed an upward trend today despite some fluctuations in early trading. Upon opening, the market experienced slight weakness. However, strong buying support led both the Sensex and Nifty indices to rally, although this initial momentum was tempered by selling pressure shortly after. After about 15 minutes of trading, renewed buying activity helped regain momentum. By 10 AM, the Sensex rose by 0.32 percent, while the Nifty gained 0.29 percent.

Among prominent shares, companies like Eternal, Mahindra & Mahindra, Bharti Airtel, UltraTech Cement, and Adani Enterprises experienced gains between 0.76 percent and 0.14 percent. Conversely, shares of Bajaj Auto, Hero MotoCorp, Bajaj Finance, Wipro, and ONGC saw declines ranging from 2.77 percent to 0.58 percent. Out of 2,364 actively traded shares, 1,692 were profitable, while 672 were at a loss. In the Sensex index, 21 out of 30 shares were in green, and in Nifty, 39 out of 50 shares showed gains.

The Sensex opened at 81,354.85 points, initially dropping by 7.02 points, but surged by nearly 300 points due to buying before losing its gains. After facing continuous pressure for 15 minutes, it rebounded and was trading at 81,625.71 points with a strength of 263.84 points by 10 AM. Similarly, Nifty opened at 24,787.65 points with a minor decline, peaked at 24,876.30, but fell to 24,783.65 due to selling. By 10 AM, it was at 24,865.80 points, up by 72.55 points. On the previous trading day, both indices closed lower.

Hindusthan Samachar / Jun Sarkar

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