After the initial fall in the stock market, a bumper rise is being seen in Sensex and Nifty. Selling in IT index pushed the market lower yesterday. Now today there has been a tremendous surge in the market in the early trading. Sensex is trading 732 points higher at 79,776. While Nifty increased by 205 points to reach 24,119. This is the time of stock market till 11 am.
Shares of these comp.es rose
The main reason behind today’s rise in the stock market is the positive signals coming from the international market. Sensex gainers Sun Pharma and Bharti Airtel rose over 3% each, while M&M, Reliance, L&T, Ad. Ports and JSW Steel rose around 2% each. The market capitalization of all the comp.es listed on BSE is Rs. Increase to Rs 2.27 lakh crore. 445.54 lakh crore.
Why was there a decline yesterday?
It is noteworthy that there was a big fall in the Indian stock market yesterday. The main reason for the decline in the stock market is the weakness in IT shares. Because concerns still remain regarding the policies of America’s newly elected President Donald Trump and uncertainty regarding interest rate cuts in America has increased again. US inflation data showed consumer spending increased in October, raising concerns that the pace of future interest rate cuts is likely to be slower than expected. The slowdown in US interest rate cuts will have a direct impact on the spending environment and will also impact sectors like IT and pharma in India, which are closely linked to the US market.
