Inflation under control, investors’ spirits high due to no increase in interest rate, enthusiasm high in the stock market – these factors impact to increase the sensex ans share market

New Delhi Strong rally in the US markets led to positive sentiments from domestic investors as the Indian stock market closed at a record high on Friday. After the Reserve Bank of India (RBI) did not make any change in the interest rates, the US Federal Reserve also decided not to change the interest rates on Wednesday after increasing the interest rate 10 times. After this news, investors bought heavily. The Sensex climbed 466.95 points to close at a record high of 63,384.58. At one point in the day’s trade, it had risen 602.73 points to reach 63,520.36. The previous high of Sensex was on December 1 last year when the index closed at 63,284.19 points. Nifty, on the other hand, climbed 137.90 points to close at its all-time high of 18,826. Nifty’s previous record high level was 18,812.50 points. Along with the PSU Bank Index, capital goods, FMCG, healthcare and IT sector stocks saw a rise. Shares of Kalyan Jewelers closed with a jump of 15 per cent. In other Asian markets, Kospi of South Korea, Nikkei of Japan, Shanghai Composite of China and Hangseng of Hong Kong closed higher. European markets were also trading with gains in the afternoon session. A day earlier on Thursday, there was a strong rally in the US markets.
The total market cap of listed companies in BSE increased to Rs 292.73 lakh crore.

Sensex gained 466.95 points at 63,384.58
Nifty rose 137.90 points to close at 18,826.
-Investors’ wealth increased by about Rs 2 lakh crore
– Kalyan Jewelers’ stock jumped 15 percent

Due to this, the wealth of stock market investors increased by about Rs 2 lakh crore. The total market cap of listed companies in BSE increased to Rs 292.73 lakh crore. In terms of closing, both the indexes have closed at these levels for the first time. Apart from this, Nifty FMCG Index also touched record high in intraday. Among the stocks included in the Sensex group, Reliance Industries, HDFC, HDFC Bank, Bajaj Finserv, Titan, ITC, Kotak Mahindra Bank, IndusInd Bank, ICICI Bank, HUL and Mahindra & Mahindra gained significantly. In contrast, the shares of Wipro, TCS, Power Grid and Tech Mahindra declined.

What did the experts say

Vinod Nair, Head of Research, Geojit Financial Services, said, “The domestic market rebounded on strong buying on positive cues from global markets. Better-than-expected retail sales figures in the US reflect the strength of the markets there. On the other hand, Ajit Mishra of Religare Broking Limited said, ‘Indices closed at record highs due to positive global cues. Buying in FMCG, pharma and energy majors, along with a correction in banking and financial stocks led to gains. Apart from this, the enthusiasm of the market increased due to the continuation of buying in the midcap and smallcap sector. Deepak Jasani, head of retail research at HDFC Securities, said, “This week was the best in the last nine weeks after several decisions by the central bank. There has been speculation that the Federal Reserve will soon ease tightening and China will launch new stimulus measures.

reason for boom

After increasing the interest rate 10 times, the US Federal Reserve has stopped increasing the interest rate.
Better-than-expected retail sales figures boost US market
After the rise in the US market, the domestic market also gained momentum due to good global sentiments.
– Recent changes in the FTSE index increased foreign investment in Indian stocks (take this point)
Government of India’s discussion with Moody’s is welcome, demand for rating increase
Rupee strengthens against US dollar
RBI has decided not to change the interest rates