Stock Market Today: Donald Trump is going to assume the presidency of America today. Due to this, an attractive rise has been seen in the stock market. Sensex has jumped 646.96 points due to rise in banking shares. While Nifty increased by more than 150 points to reach 23376.50.
Kotak Bank, included in the Sensex pack, gained more than 9 percent today. Bajaj Finance is trading up by 3.19 percent, NTPC by 2.79 percent, SBI by 2.44 percent. Volume has also increased in HDFC Bank. Investors’ capital increased by Rs 3 lakh crore. Whereas a cautious attitude was seen in IT shares. TCS was trading down 0.74 per cent, Tech Mahindra 0.23 per cent and Infosys 0.15 per cent down.
market breadth positive
Out of total 4042 stocks traded on BSE, 2307 are trading in favor of improvement and 1548 in favor of decline, there is universal buying in the stock market. Upper circuit imposed in 283 shares. Whereas 99 shares have reached the peak of the year. Which shows that the market breadth is positive. Mostly positive results are being declared for the third quarter of the financial year 2024-25. Inflation has also reduced in America. And employment data has become stronger. At the same time, the middle class is expecting major reforms related to income tax in the Union Budget to be presented next month. The impact of these factors can be seen on the stock market in the near future.
