Share Market Today: Great rise in the Indian stock market today, Sensex and Nifty made a strong start.

Indian Share Market Update Today: The Indian stock market continues its spectacular rise for the second consecutive day. Investors in the domestic stock market have shown great enthusiasm and a lot of positivity since this morning. Due to mostly bullish trend in Asian markets, this growth of the market has got a big and important support. On Wednesday too, a bumper rise was recorded in the Indian stock market which greatly increased the confidence of investors.

The US stock market, however, closed with a very mixed and mixed result overnight. Still, the rally in futures prices following Micron Technology’s huge earnings increase has had a positive effect. Apart from this, due to peace talks between America and Iran, tension at the international level has reduced a bit. Due to all these big reasons, our domestic market has started in a much more positive and strong direction.

Sensex and Nifty rise

Today in early trading, BSE’s 30-share benchmark index Sensex opened 399 points higher at 77391. On the other hand, NSE’s 50-share sensitive index Nifty also managed to open 104 points higher at 24125. Shares like HCL Tech, Indigo, TCS, Bharti Airtel and Kotak Bank saw huge gains in the initial phase. On the other hand, there was some weakness and decline in the shares of Power Grid, UltraTech Cement, NTPC and Titan.

Asian markets and Wall Street

Asian markets are on a rise today after the strong and impressive earnings of American chip manufacturer Micron. Japan’s Nikkei rose 1.28 percent while South Korea’s Kospi jumped more than 5 percent. On the other hand, the US stock market closed mixed on Wednesday with heavy selling in megacap tech stocks. Nasdaq fell 110.40 points to close at 25476.64 due to decline in shares of Nvidia, Microsoft and Apple.

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Crude Oil and Bitcoin

There is a huge fall in the prices of crude oil today and Brent crude for August delivery has come down to $73.34. At the same time, US West Texas Intermediate is also down by 0.38 percent at $ 70.07 per barrel. The US dollar continues to strengthen and the dollar index hit a significant 13-month high of 101.8 overnight. In the crypto market, Bitcoin prices have fallen below $60,000 to a very low level of $59,023.