Stock Market Closing Bell: Stock markets have improved amid strong possibilities of rate cuts by the US Federal Reserve. Today, after opening with a slight gain, the Sensex closed 260.30 points higher at 72664.47 and intraday volatility ended at 580.25 points. Nifty also managed to maintain the level of 22 thousand.
Sensex price remained high today after registering a high of 1491.37 points in the last 3 trading sessions. Due to increased purchasing at low prices, investors’ capital increased by Rs 3.10 lakh crore. Market breadth was also recorded positive. Of the total 3931 stocks traded on BSE, 2194 closed in the green zone and 1607 in the red zone.
Stock market according to experts
The impact of positive factors at the local level as well as the possibility of interest rate cuts by the US Federal Reserve was seen in the stock market today. There was a decline in the last three trading sessions amid speculations about premium valuations and low turnout in the Lok Sabha elections. But now purchasing at lower level has increased. The India VIX index rose more than 2 percent to 18.6, pointing to uncertainty in the market until the election results.
These stocks of Sensex pack improved
A rise was seen in 21 stocks in the Sensex pack today. In which shares of NTPC, Power Grid, JSW Steel, Asian Paint, ITC, Bharti Airtel, Tata Motors, Titan, Hindustan Unilever, Bajaj Finance, Maruti Suzuki, Reliance improved by 1 to 3 percent. While shares of TCS, Infosys, Wipro, HDFC Bank, M&M, Kotak Bank, HCL Tech, Tech Mahindra, SBI fell up to 1.62 percent.
