As was expected, the same kind of rise was seen in the stock market on Wednesday. Both Sensex and Nifty have reached very close to their life time high. Where Sensex is trading with a gain of about 800 points. On the other hand, Nifty has crossed 26 thousand points. According to experts, the stock market is witnessing a bullish rise due to US tariff reaching 15 per cent, increase in corporate earnings in the second half, increasing demand in the festive season, falling inflation and the possibility of interest rate cuts. Experts believe that in the coming days, the stock market can create a new record after September 2024. Let us also tell you what kind of story the stock market figures are telling.
Sensex rises by almost 800 points
Bombay Stock Exchange’s main index Sensex is seen trading near record high. During the trading session, the Sensex was seen rising by 794.75 points to reach 85,221.09 points. However, the Sensex had opened at 85,154.15 points and during the last trading session, the Sensex had closed at 84,426.34 points. However, at 9.50 am it is seen trading at 85,180.15 points with a gain of 765.30 points. However, the Sensex is currently about 750 points behind its life time high. This means that if Sensex has to set a new record on Wednesday, it will have to show a rise of more than 1500 points. Sensex had created a new record on 27 September 2024 with 85,978.25 points.
Nifty crosses 26 thousand points
On the other hand, the main index of National Stock Exchange Nifty also crossed 26 thousand points. According to the data, Nifty appeared at the day’s high of 26095.7 points with a rise of 227.1 points during the trading session. However, at 9.50 am, Nifty is trading at 26,080.20 points with a gain of 211.60 points. However, Nifty opened at 26,057.20 points. Whereas during the last trading session, Nifty closed at 25,868.6 points. However, on September 27, 2024, Nifty had reached life time high with 26,277.35 points. This means that Nifty is still behind its record level by more than 200 points.
Which stocks are showing growth?
Since the opening of the stock market, there is a rise in tech and banking stocks. If we look at the figures, Infosys is seeing an increase of 3.50 percent. On the other hand, HCL Tech is seeing an increase of more than 2.50 percent. Axis Bank and Tech Mahindra are trading with an increase of more than two percent. Shares of Tata Steel and Kotak Bank both are seen trading with a rise of about one and a half percent. Shares of TCS and Tata Motors are seeing an increase of more than one percent. Whereas shares of Bharti Airtel, Adani Port, and Eternal are seen trading at red mark.