Good growth is being seen in the stock market on Wednesday.
There is a rise in the stock market on Wednesday. It seems like the Diwali party of the stock market has started. In fact, the Fed has indicated a cut in interest rates. Because of which the stock market seems to be getting support. On the other hand, a tremendous increase in the rupee has been seen. On the other hand, a big decline has also been seen in the prices of crude oil. Also, growth has been seen in Asian markets. India Vicks is also not seeing much turmoil. Due to which there is a bullish atmosphere in the stock market.
If we look at the stock market data, the Bombay Stock Exchange’s main index Sensex rose by 566.92 points during the trading session and reached 82,596.90 points. Whereas a day earlier the Sensex had closed at 82,029.98 points. By the way, today Sensex started with 82,197.25 points. At present i.e. 12:30 pm, Sensex is trading at 82,517.28 points with a gain of 490.33 points.
On the other hand, Nifty, the main index of the National Stock Exchange, is also seeing a good rise. According to the data, Nifty had reached 25,326.45 points with a rise of more than 180 points during the trading session. However, at present Nifty is trading at 25,310 points with a gain of 163.80 points. However, Nifty had opened with a rise at 25,326.45 points.
Due to this boom, stock market investors have also got huge profits. Investors’ benefit is linked to the market cap of BSE. According to the data, a day earlier the market cap of BSE was at Rs 4,59,67,652.36 crore, which increased to Rs 4,63,39,020.85 crore. This means that there has been an increase of Rs 3,71,368.49 crore in BSE market cap. Let us also tell you what are those 5 reasons due to which there is a bullish atmosphere in the stock market.
Main reasons for the rise in stock market
- Fed hints at cutting interest rates: US Federal Reserve Chairman Jerome Powell has said that the labor market remains weak, while the economy appears to be in strong condition. Due to which there has been an improvement in the sentiment of investors. He said the inflation forecast remains unchanged from September, when the Fed last cut rates by 25 basis points. Powell’s comments raised expectations of another interest rate cut this month, which could make emerging markets like India more attractive to foreign investors as low US interest rates typically push the dollar and Treasury yields lower.
- Decrease in volatility: India VIX, a measure of market volatility, fell by almost 4 percent to 10.76. A decline in the index signals a decrease in uncertainty, which often encourages investors to take more risk in stocks.
- Tremendous rise in rupee: The rupee rose 88 paise from its lifetime low to 87.93 per dollar in early trade due to weak dollar index after Fed’s dovish signals. Traders said that the decline in crude oil prices and possible intervention of the Reserve Bank of India also gave impetus to this improvement. A strong rupee generally increases investor confidence and can attract foreign investment.
- Fall in crude oil: In the international market, Brent crude fell 0.19 percent to $ 62.27 per barrel. Oil prices continued to fall after the International Energy Agency warned of a possible supply surplus in 2026 amid weak demand and rising production. Low crude oil prices are generally positive for India, which imports most of its oil.
- Rise in Asian markets: Asian markets registered gains, South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng index remained in the green. Wall Street futures also remained positive, indicating a strong start for the US markets at the end of the day.