On Wednesday, the stock market saw a tremendous rise. At 3.30 pm, the Sensex increased by 740 points to 73,730 points at 3.30 pm, while the Nifty increased by 250 points to close at 22,332 points. The market closed with an increase after a decline of ten days. The Sensex and Nifty closed with an increase of over 1%. Good purchases were seen in midcap and smallcap stocks. All regional index of BSE closed with an edge; The metal index increased by about 4%. Energy, IT, oil-gas index closed with edge, while electricity, PSUs, auto shares were seen shopping.
The broad market also breathed a sigh of relief.
Today there was also a boom in broad markets. The Nifty Smallcap 100 index closed with a gain of 2.96 percent. The Nifty Midcap 100 index also closed in a positive scope with a gain of 2.42 percent.
What was the reason for the boom in the stock market on Wednesday?
Today the market closed in green mark due to purchases at lower levels. The rise in Asian markets had a positive impact on local markets. Apart from this, the rise in IT shares with heavy weight in the index has also pulled the market up. Analysts say that the credit for improvement in Indian markets can be given to natural improvements after a large number of declines by several days.
