The BSE Sensex experienced significant fluctuations at the opening bell today, reflecting global market uncertainties.
Sensex Opens on a Volatile Note
By mid-morning, the Sensex showed signs of recovery, gaining over 200 points as investor confidence improved.
Mid-Morning Recovery
IT Sector: Leading the gains with major tech companies reporting strong quarterly results.
Banking Sector: Facing challenges due to rising NPAs, leading to a slight dip.
Infosys: Shares surged by 3% on robust earnings.
Reliance Industries: Experienced a 2.5% uptick amid positive market sentiment.
State Bank of India (SBI): Shares fell by 1.8% due to asset quality concerns.
Tata Motors: Declined by 1.5% following supply chain disruptions.
In the afternoon session, the Sensex lost earlier gains, dropping by 150 points as European markets opened lower.
At market close, the Sensex settled at 58,500 points, down by 100 points from the previous close.