Stock Market Today: There is tremendous enthusiasm in the stock market, Sensex crosses 85400 and Nifty crosses 26100.

Stock Market Rally Today: On the first trading day of the week, the Indian stock market has welcomed investors with a spectacular rise. After positive signals from global markets, a strong rise is being seen in the domestic benchmark indices Sensex and Nifty.
The market started with a double century of bullish momentum and within no time Nifty crossed the important level of 26100. Buying in IT and metal stocks has made the market sentiment even stronger.

Record move of Sensex and Nifty

The stock market had a strong start on Monday, 22 December. BSE’s 30-share sensitive index Sensex opened with a gain of 216 points at 85,145 and within a short time it jumped by 476 points to reach the level of 85,405.

At the same time, Nifty 50 of National Stock Exchange was also not left behind and was seen trading at 26,132 with a rise of 165 points. This market performance has brought greenery to the portfolios of investors.

Most movement was seen in these shares

Infosys remains the top gainer in today’s trade with a gain of 2.40 percent. Apart from this, a rise of 1.42 percent is being seen in Tata Steel, 1.13 percent in Tech Mahindra and more than one percent in Tata Motors.

There is a buying environment in Trent and other big stocks also. However, some stocks like Power Grid and UltraTech Cement appear to be under pressure and are trading in the red. Overall market sentiment remains bullish.

Impact of global market and AI

There was a tremendous rise in Asian markets today, which directly benefited the Indian market. The South Korean market jumped 1.8 percent on hopes of better earnings from AI-related companies. Apart from this, a rebound was also seen in Wall Street (American market).

The strength in S&P 500 and Nasdaq boosted the enthusiasm of Indian investors. Gift Nifty had also indicated since the morning that today Nifty will open with a gain of more than 130 points.

Also read: India growth story is being deflated, blatant looting in IPO market, SEBI and government silent

Oracle-TikTok deal boosts enthusiasm

There was also a big news from Oracle behind this rise in the market. Oracle has announced that it will join forces with Silver Lake and MGX to purchase a stake in TikTok US. Under this deal, Oracle will have a 15% stake.

After this news, global technology stocks came to life, whose positive impact is clearly visible on the Indian IT sector as well. Overall, domestic and international factors have taken the market to new highs.