On Wednesday, the stock market saw a boom. It started rapidly, but within a few minutes the Sensex went into a red mark. Talking about the stock market at 3.30 pm, the Sensex closed at 75,447.15 points up 145.89 points. While the Nifty rose 77.40 points to close at 22,911 points.
Why did the market gain a boom?
There are many main reasons behind the rise in the Indian stock market. The first reason for this is the improvement in comprehensive economic indicators. The market was easily supported in improving and evaluating India’s economic data. In addition, the retail sales figures of the US and China increased the confidence of investors. The markets of Europe and Asia were also seen. At the same time, the possibility of cutting interest rates by RBI in April also gave the market a boost. While the market also got support from the decline in the dollar index and the fall in crude oil prices.
Sensex with top profit shares
- Zomato: leading with an increase of 7.11 percent.
- ICICI Bank: 3.25 percent increase.
- Mahindra & Mahindra: It finished third with an increase of 3.07 percent.
- 26 out of 30 shares of Sensex closed in green mark.
Decline in Sensex
- Bajaj Finserv: It fell at the bottom with a decline of 1.43 percent.
- Bharti Airtel: 0.69 percent weakness was seen.
- Tech Mahindra: 0.59 percent declined to third place.
- Reliance: In a slight decline of 0.13 percent.
