Stock market (file photo)
The RBI may not have cut the EMI of common people, but has made 22 such announcements for banks, businesses and consumers, which will benefit all three, but will also have a big boost to the country’s economy. The stock market has welcomed these 22 announcements fiercely and there is a lot of rise in the stock market. There is a tremendous increase in banking and NBFC stocks. On the other hand, the bank Nifty has also crossed the level of 55,500. Where the Sensex has seen a rise of more than 800 points. On the other hand, the Nifty also ended the 8 consecutive days of drought and has seen a rise of more than 260 points. According to the data, due to this boom, the stock market investors have earned around 4 lakh crore rupees. Let us also tell you what kind of figures are being seen in the stock market.
Bumper boom in stock market
After the continuous decline of 8 days, there is a tremendous rise in the stock market in October. The Bombay Stock Exchange’s major index Sensex rose by more than 800 points to 81,068.43 points. While the Sensex was opened up with a rapidly this morning, as soon as the RBI announced the policy rate and did not change the interest rates, the stock market declined and came to the day’s lower level with 80,173.24 points. On the other hand, the main index Nifty of the National Stock Exchange also saw a good rise and reached a high of 24,867.95 points with a rise of more than 250 points. By the way, the Nifty also went to the day’s lower level with 24,605.95 points.
Banking stocks boom
RBI has made many announcements about banking, which can have many benefits in the long term to the banking sector and the economy. Due to which banking stocks are seeing a boom. If we look at the data, Kotak Bank shares are seeing a rise of about 3 percent. Axis Bank’s stock stock market was seen doing a gain of 2.25 per cent before the stock market shut down. Shares of ICICI Bank and HDFC Bank are also trading up by more than 1.50 per cent. At the same time, Tata Motors shares are also seeing a rise of 5.50 percent.
Major reasons for stock market boom
- RBI Policy: At the Reserve Bank of India’s Monetary Policy Meeting, investors welcomed the market-supporting initiatives, while the central bank unanimously decided to keep the repo rates unchanged at 5.50 per cent. RBI Governor Sanjay Malhotra said that the dynamics of growth and inflation have changed since the August policy, and rationalization of GST is expected to reduce the pressure on prices. Due to the heavy fall in food prices, the estimate of overall inflation has become more favorable. Due to which the central bank has reduced its average inflation estimate for FY 2026 from the earlier 3.1 per cent to 2.6 per cent, as well as cut the estimate of the fourth quarter.
- Bank stocks gained: HDFC Bank, Kotak Mahindra Bank, ICICI Bank and Axis Bank led the boom and helped the Nifty Bank index to gain more than 1%. To improve the loan flow, the RBI increased the limit of loan on shares from Rs 20 lakh to Rs 1 crore. It has also increased the IPO Financing Limit to Rs 25 lakh. It is being seen as a big incentive for the banking sector.
- Oversold Conditions: Today’s fast market fell for 8 consecutive days. Certainly, during this time the Nifty broke 3 % or more than 800 points. The 30 -share Sensex was also broken by 2,300 points or more than 3.8 percent. The shopping strategy on the decline and the strong RBI’s strong comments saw a boom in the market.
- Rupee improvement: After a steady start, the Indian rupee rose 5 paise to 88.75 against the US dollar, leading to a boom in domestic stock markets. On Wednesday, the US government moved towards the possible shutdown, the dollar remained around a week’s low level against the major equivalent currencies, which would delay the release of significant employment data.
- Effect of crude oil prices: Meanwhile, the increase in production by OPEC+ and the hopes of re -starting exports from the Kurdistan region of Iraq remained under pressure. Brent crude fell 1.3 per cent to $ 67.10 per barrel, while the American West Texas Intermediate fell 1.5 per cent to $ 62.51 per barrel.
- Positive signs received from foreign markets: The US stock markets closed on Tuesday as investors ignored the concerns of the US government’s possible closure. Wall Street ended the unusually strong performance of September. S&P 500 rose 0.41 per cent to 6,688.46, while Nasdaq Composite rose 0.31 per cent to 22,660.01. Dow Jones Industrial Average rose 81.82 points or 0.18 per cent to close at 46,397.89, which is a new record.
Investors benefit from Rs 4 lakh crore
On the other hand, due to the rise in the stock market, investors have benefited about 4 lakh crore rupees. This advantage is connected to the market cap of BSE. Looking at the data, on Tuesday, the market cap of BSE was seen at Rs 4,51,44,414.11 crore. Whereas during the trading session on Wednesday, the market cap of BSE came to Rs 4,55,41,976.54 crore. This means that the market cap of BSE has increased by more than Rs 3,97,562.43 crore.