Thursday, May 5, 2022

MARKET REPORT OF 05-05-22


After the hike in the policy rate on , the domestic stock markets had taken a strong dive, but on Thursday, the markets looked stable. The BSE Sensex rose 650.9 points to reach 56, 319.93 in early trade.At the same time, Nifty had come down to 16,863.25 with a gain of 185.65 points. By 10 in the morning, the market had reached its intraday high.
Tech Mahindra, Tata Steel, Infosys, State Bank of India, Kotak Mahindra Bank and M&M were among the top gainers in the Sensex. On the other hand, Nestle and Titan were in the red.
Tatasteel was top gainer of the day today,Shares of Tata Group's giant Tata Steel have gained more than 4% in 1 day.If we talk about Thursday's business, then the shares of Tata Steel were trading at a level of Rs 1307 on a rise of about ₹ 46  after this Tata Steel has become the most profitable company in its history.Accordingly, Tata Steel has left behind TCS, the highest earning company of Tata. Tata Steel has become the most profitable company among the Tata group companies.
Tomorrow the result of Reliance, the largest company of Nifty 50 stock, are going to be declared.As per my prediction  that Reliance's results will be much better than last time.All investors should keep their eyes on this stock.

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