Nifty crosses 20 thousand for the first time, investors earned Rs 1.57 lakh crore
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Mumbai (Uttam Hindu News) – Despite the decline in foreign markets, the stock market remained bullish for the ninth consecutive day today due to all-round buying at the local level by investors, encouraged by the increase in local industrial production in July and decline in retail inflation in August. Reached beyond the 20 thousand mark for the first time. BSE’s sensitive index Sensex gained 245.86 points to 67466.99 points and National Stock Exchange (NSE) Nifty gained 76.80 points and crossed the psychological level of 20 thousand points for the first time and stood at 20070 points. Due to this, the wealth of stock market investors increased by about Rs 1.57 lakh crore today. The market’s rise was supported by the relief on inflation front and the rise in industrial production. Maximum buying was seen in small cap stocks.
Similarly, BSE midcap rose 0.19 percent to 32,147.31 points and smallcap rose 0.85 percent to 37,296.78 points. During this period, shares of a total of 3784 companies were traded in BSE, out of which 2177 were bought while 1480 were sold while 127 remained unchanged. Similarly, 31 companies of Nifty were in the green while 19 were in the red. Retail inflation declined to 6.83 percent in August. At the same time, industrial production increased to 5.7 percent in July. Encouraged by this, due to strong buying by investors, there was a rise in the remaining 15 groups of BSE except Industrials, IT, Auto, Services and Capital Goods which fell by 0.52 percent. During this period, Telecom 2.62, Commodities 0.96, CD 0.14, Energy 1.19, FMCG 0.37, Financial Services 0.62, Healthcare 0.49, Utilities 0.47, Banking 0.89, Consumer Durables 1.24, Metal 1.04, Oil & Gas 1.13, Power 0.13, Realty 0.65. and tech group Shares of rose 0.22 percent. There was a declining trend at the international level. During this period, Britain’s FTSE fell by 0.17, Germany’s DAX by 0.67, Japan’s Nikkei by 0.21, Hong Kong’s Hang Seng by 0.09 and China’s Shanghai Composite fell by 0.45 percent.
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