stock market
Even though the bombing between America and Iran continues, the prices of crude oil are trading above 86 dollars, but after a day’s decline, the Indian stock market is seeing a rise again. In fact, two such news have come from America itself, due to which the Indian stock market has got a slight boost. The first is that inflation figures in America have been lower than expected, which is a positive sign.
On the other hand, the US Parliament is coming up with a bill to impose sanctions on Russia, in which it is proposed to reduce the tariff on countries purchasing Russian oil from 500 percent to 100 percent. India is expected to benefit greatly from this. Also, the FTA between India and UK has come into effect from today. Due to which India’s exports are expected to increase significantly. Due to this sentiment, there is a bullish atmosphere in the stock market. Due to which stock market investors made a profit of about Rs 4 lakh crore in 15 minutes. Let us also tell you what kind of figures are being seen in the stock market…
stock market boom
There is a bullish atmosphere in the stock market on Wednesday. If we look at the data, the main index of Bombay Stock Exchange, Sensex, is trading at 77,552.54 points with a rise of more than 500 points. Whereas during the trading session, the Sensex rose by 587 points and reached 77,641.86 points. However, this morning the Sensex had opened at 77,192.76 points and a day earlier there had been a fall of 561 points in the Sensex. On the other hand, the main index of National Stock Exchange Nifty is trading at 24,199.5 points with a rise of about 150 points. Whereas during the trading session, Nifty had reached 24,218.15 points with a rise of about 170 points. Today Nifty opened at 24,085.85 points and a day ago a fall of 159 points was seen in Nifty.
Which stocks rose?
Shares of Asian Paints, Bajaj Finance, Axis Bank, Bharti Airtel, IndiGo and Reliance Industries gained around 1 per cent each, leading to a rise in the Sensex. At the same time, IT stocks like TCS, Tech Mahindra, HCL Tech and Infosys fell by up to 2 per cent, leading to a decline in the benchmark index. Nifty Midcap 100 and Nifty Smallcap 100 indices gained up to 0.6%.
Sector wise, Nifty Financial Services, Nifty Private Bank, Nifty PSU Bank and Nifty Auto gained about 1%, while Nifty IT declined by more than 1%. Overall the market trend was positive. On NSE, an increase was seen in 1,847 shares and a decline in 565 shares, while there was no change in 96 shares.
Investors benefited around Rs 4 lakh crore
On the other hand, stock market investors have also benefited a lot. If we look at the figures, stock market investors have made a profit of about Rs 4 lakh crore in just 15 minutes. After the fall in the stock market a day ago, the market cap of BSE was seen at Rs 4,79,47,998.02 crore. Which came to Rs 4,83,37,380.03 crore on Wednesday after BSE’s main index Sensex reached the day’s high in 15 minutes. This means that there has been a loss of more than Rs 3.89 lakh crore in the market cap of BSE.
