After 13 days, Sensex rose 900 points to 75,000, investors capital increased by 4 lakh crores – ..
Stock market boom today: The Sensex and Nifty saw an impressive boom on the basis of global stock markets. The Sensex has managed to cross the 75,000 level again after 13 days. The Nifty is trading at 22752.45, climbing more than 200 points. In the morning session, IT, banking, FMCG, financial services, autos, capital goods, consumer durables, metal, power, realty, technology, IT -focused index are trading with a gain of over 1 per cent. The big boom in the stock market has increased the capital of investors by Rs 100 crore. It has seen an improvement of Rs 4 lakh crore.
The Sensex managed to maintain a level of 75,000 till 21 February amid the recession in the stock market, which began in February. After closing at 75311.06 on 21 February, it lost 75000 levels due to increasing instability. Since then, it has gained more than 900 points in the 13th trading session today and is trading at the level of 75,000.
Jump of more than 800 points
The Sensex rose over 800 points to 75,001.46 points after opening by 500 points. Which was trading at a lead of 799.07 points at 10.21 am. Jomato is trading as a top beneficiary with a gain of 3.24 percent in the Sensex pack today. On the other hand, Bajaj Finance, IndusInd Bank and Bajaj Finserv are trading with a slight decline.
Positive American retail sales data released yesterday supported improvement in global stock markets. The Fed Reserve will hold its march FOMC meeting on this Tuesday and Wednesday. Experts estimate that interest rates will remain at 4.25-4.50 percent. Retail sales in China have also increased. As a result, there are indications that the economy will remain positive globally. On the other hand, purchases at lower levels have increased after positive factors and major technical reforms at the local level. DII procurement price is increasing strongly against the selling of FII.
According to market experts, the stock market has risen due to clouds of uncertainty globally. The signs of a strong American economy, discussion of agreement on tariff issues, and a major improvement in Asian markets have also affected the Indian stock market. However, due to tariff uncertainties, there will be instability in the market in the near future.
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