‘Bull’ The roar of, global signals filled the enthusiasm; Sensex-Nifty closed in the green with record gains

Share Market Highlights: The Indian stock market closed in the green on Wednesday due to the rise in global markets and expectations of resumption of peace talks between America and Iran. During this period, both BSE Sensex and NSE Nifty registered a gain of 1.6 percent. At the time of market closing, the 30-share Sensex was seen trading at 78,111.24 with a rise of 1,263.67 points (1.63 percent), while the Nifty was seen trading at 24,231.30 with a rise of 388.65 points or 1.63 percent.

In the day’s trading, Sensex opened at 77,981.10 and touched an intra-day high of 78,270.42, while Nifty opened at 24,163.80 and touched a high of 24,280.90. More momentum was seen in the broader market. Nifty Midcap 100 index recorded a gain of 2.20 percent and Nifty Smallcap 100 index recorded a gain of 2.35 percent.

How was the condition of the sectoral index?

Whereas, if we talk about sectoral index, on Wednesday all the sectors were seen trading in the green mark. A rise of more than 2 percent was seen in Nifty IT, Metals, PSU Bank, Media and Realty sectors. Whereas Nifty Auto, Nifty FMCG, Nifty Bank, Nifty Financial Services recorded a growth of more than 1 percent.

Barring 5 stocks in Nifty 50, green shoots were seen in all the others. Shares of Indigo, PowerGrid, Eternal, Max Health, Wipro, HDFC Life, Tech Mahindra, TCS, Hindalco, TMPV, SBI Life, L&T registered a rise of 4 per cent to 3 per cent, while shares of Dr Reddy’s, Bharti Airtel, ICICI Bank, Axis Bank and ONGC witnessed a decline.

This news changed the mood of investors

Experts say that the risk appetite of investors has increased due to signs of easing tension between America and Iran. US President Donald Trump said that talks to end the Iran war can resume in Pakistan in the next two days, which created a positive atmosphere in the market and investors made bumper purchases.

Also read: There was a storm in the share market, Sensex crossed 78000, investors got a huge profit of Rs 9 lakh crore.

Rupee rises against US dollar

meanwhile, US-Iran talks After the second round, the rupee strengthened to 93.50 on improving market sentiments, which led to softening of crude oil prices in the last two sessions. An analyst said the decline in crude oil prices, which are now slipping towards the $94-95 range, is easing pressure on India’s import bill and providing short-term relief to the rupee.