The stock market has made an all-time high for the second consecutive day today i.e. on July 3. During trading, the Sensex touched the level of 80,039 and the Nifty touched the level of 24,292. Currently, the Sensex is trading at 79,800 with a gain of 300 points. Nifty is also up by more than 100 points. It is trading at the level of 24,250.
Out of 30 Sensex stocks, 25 are seeing a rise and 5 are seeing a decline. Banking, metal and auto stocks are more bullish. HDFC Bank stock is up 3%. At the same time, IT and energy stocks are seeing a decline. Earlier, yesterday i.e. on July 2, the market had also made an all-time high.
It took 7 months for the Sensex to reach from 70 thousand to 80 thousand. On 11 December 2023, the Sensex was at 70 thousand, which has now reached 80 thousand on 3 July. At the same time, it took more than 2 years for the Sensex to reach 70 thousand from 60 thousand. This year so far, the Sensex has seen a gain of 10% and 22% in the last 1 year.
Today 2 Initial Public Offers i.e. IPOs will open for listing in the stock market. These include Emcure Pharmaceuticals Limited and Bansal Wire Industries Limited. Retail investors will be able to bid for the IPOs of both the companies till July 5.