The stock market opened on a bullish note on Tuesday with the Sensex and Nifty rising significantly

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Mumbai, 24 January 2023, Tuesday

Started with a bang:

Today is a good start for the stock market, for the second day in a row the stocks are seeing an increase. Today the Sensex opened 180.53 points higher at 61122.2 while the Nifty opened 65.40 points higher at 18183.95. While Bank Nifty opened at 42994.45 with an increase of 173.20 points.

Increase in layoffs reported in US:
Yesterday, the US market saw a second consecutive day of gains. Tesla, Netflix, Meta and Apple were up between 2-6%. Retrenchment is responsible for this surge. Apart from this, the European market is also seeing a significant increase. Talking about the US market, due to inflation, layoffs have arisen there. Recently, Spotify has announced the layoff of around 600 employees, on the other hand, it has come to light that Google has also proposed to remove 1.50 lakh employees.

Bearishness seen in Nifty:
On the Nifty, Tata Motors, IndusInd Bank, ICICI Bank, L&T and Infosys shares rose while Axis Bank, Bharti Airtel, Bajaj Auto, Coal India and HUL shares declined.

Asian market bullish:

India is getting positive signals from the global markets, on the other hand, the Asian markets have recorded mixed trading while the stock markets of Japan, China, Hong Kong, Taiwan, South Korea, Malaysia and Singapore are closed. After the boom in Wall Street, the Asian market is also seeing an increase today.

Today, investors will be looking specifically at Axis Bank, Poonawalla Fincorp, Dilip Buildcon, Amber Enterprises, Concor, Gland Pharma and Nayaka.


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