Stock market today: The Indian stock market is moving firmly amidst the uncertainties of global challenges. Today, after a weak start in Sensex and Nifty, there was a strong rise in the afternoon session. The Sensex has managed to cross the level of 78563 by jumping 1500 points. While the Nifty has also returned to a strong psychological level of 23700.
Today Sensex-Nifty
The Sensex opened with a slight decline today, followed by 1300 points fluctuations in the morning session. Later, there was a continuous improvement in the market since 11 am. In the afternoon session, it climbed 1015 points to the summit of 78060. At 12.48 pm, it was trading at a gain of 1027.93 points. Along with this, the capital of investors is Rs 1,00,000 crore. There has been an increase of Rs 3 lakh crore. It was trading at the highest level of 78173.08 at 12.59 pm.
The Nifty also started the day with a soft trend. Later it managed to cross the important level of 23700 by jumping more than 250 points. At 12.49 pm, it was trading at 23731.50 up 294.30 points. In the Nifty 50, 42 shares were trading in the green sector while 8 shares were trading in the red sector.
Bancax all time high
Banking and financial shares have gained momentum due to positive domestic economic scenario, RBI’s interest rates of 0.50% further deduction and strong financial conditions. The BSE Bancax is trading up 1283.62 points (2.07 per cent) above. Banckes today reached an all -time high of 62076.85 due to increased volume in shares of ICICI Bank, SBI, HDFC Bank, Axis Bank. Shopping in telecom shares has also increased. The telecom index on BSE is trading up 2.35 per cent.
The reason for the boom in the stock market
-Fear of economic recession in America, inflation, weakened dollar, return of foreign investors, purchase of FII for two consecutive days
– Dollar is continuously weakening due to tariff war. The rupee was trading at 85.54 today, strengthening 10 paise.
– Relief of 90 days in tariff war increased the possibility of trade agreement between India and America
– Impact of improvement in Asian stock markets, Nikkei climbed 1.35 percent, Hangseng climbed 1.32 percent
The post in the stock market boom on the fourth consecutive day, Sensex jumped 1500 points to 78500, Banckes first appeared at all -time high level appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
