Share Market: Stormy rise in the stock market for the sixth day, investors earned Rs 17 lakh crore, these factors filled the enthusiasm
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Stock Market Closing Bell: Indian stock market continues to rise for the sixth consecutive day. Today BSE Sensex jumped 431 points and closed at a record level of 69,296.14 points. Nifty of National Stock Exchange also reached the highest level of 168.50 points and closed at 20,855.30. The market capitalization of BSE listed companies increased by more than Rs 2.5 lakh crore on Tuesday and crossed Rs 350 lakh crore. Analysts said that the positive sentiment created last week due to better GDP (gross domestic product) and other important economic data was further strengthened by the capital inflow of foreign institutional investors and the results of the assembly elections. The results of the assembly elections in three states…Madhya Pradesh, Rajasthan and Chhattisgarh have increased hopes for political stability in the country. Also, investors are expecting that the Reserve Bank of India will keep the policy rate unchanged in the bi-monthly monetary policy review. Monetary policy announcement will be made on Friday.
Action seen in these shares
Among Sensex companies, Power Grid gained 4.46 percent, NTPC 3.89 percent, SBI 2.31 percent and ICICI Bank 2.28 percent. Other profitable companies include Mahindra & Mahindra, Titan and Maruti. On the other hand, Hindustan Unilever, HCL Tech, Bajaj Finance lost up to 1.49 percent. Out of 30 Sensex stocks, 20 were in profit while 32 out of 50 Nifty stocks were in profit. According to stock market data, foreign institutional investors bought shares worth Rs 2,073.21 crore on Monday. Vinod Nair, Head of Research, Geojit Financial Services, said that while there is a cautious trend in other major markets of the world before the release of employment data in America this week, the bullish trend in the domestic market continued and both the benchmark indices hit new record levels. But reached. The market remains bullish due to reasons like the results of assembly elections in the states and GDP growth figures being higher than expected. Due to this, capital inflow of foreign institutional investors is also happening in the Indian market. He said that there is a possibility of maintaining status quo in the monetary policy review of RBI. However, investors will keep an eye on comments regarding economic growth, food prices and inflation. In other markets of Asia, Hong Kong’s Hang Seng and Japan’s Nikkei remained in loss. There was a mixed trend in early trade in European markets. There was a mixed trend in the US market on Monday. Meanwhile, global oil standard Brent crude rose by one percent to reach $ 78.81 per barrel.
Rupee closed at 83.37 per dollar with a rise of one paise
The rupee on Tuesday closed one paise higher at 83.37 (provisional) against the US dollar amid the strong trend of the American currency in foreign markets and disappointing data from the services sector. Forex traders said that the rupee got some support due to bullish environment in the domestic markets and crude oil prices remaining below $ 80 per barrel amid limited trading. In the interbank foreign exchange market, the rupee opened at an all-time low of 83.41 against the dollar. During trading it remained at a low of 83.41 and a high of 83.37 per dollar. Finally it closed at 83.37 (provisional) per dollar. This shows an increase of one paisa from the previous closing price of rupee against the dollar. The rupee had closed at 83.38 against the American currency on Monday. Meanwhile, the dollar index, which reflects the position of the US dollar against six major currencies of the world, weakened by 0.07 percent to 103.63. According to stock market data, foreign institutional investors (FIIs) had bought shares worth Rs 2,073.21 crore on Monday. Anuj Choudhary, research analyst at Sharekhan by BNP Paribas, said that investors may remain a little cautious before the Reserve Bank of India’s decision on monetary policy on Friday. However, increase in inflow of foreign capital and softening of crude oil supported the rupee at lower levels. Hope to meet.
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