Stormy rise in stock market due to rise of Reliance
[ad_1]
Mumbai: The stock market today rallied nearly seven per cent with 25 major local companies including Reliance rising on expectations of the US Federal Reserve to start cutting interest rates, falling bond yields and measures to support China’s market. Jumped high. BSE’s 30-share sensitive index Sensex crossed the psychological level of 71 thousand points by jumping 1240.90 points i.e. 1.76 percent to 71,941.57 points and National Stock Exchange (NSE) Nifty jumped 385 points i.e. 1.8 percent to 21,737.60 points.
Similarly, BSE Midcap jumped 1.68 percent to 38,380.66 points and Smallcap rose 1.03 percent to 44,819.28 points. Shares of a total of 4064 companies were traded on BSE, out of which 2262 were bought while 1659 were sold while 143 remained unchanged. Similarly, there was a rise in 40 companies of Nifty while there was a decline in 10 companies.
In BSE, except FMCG, Tech and IT group which fell by 0.11 percent, the remaining 17 groups were in bullish trend. Due to this, shares of Energy 5.29, Oil & Gas 4.94, Utilities 3.59, Power 3.03, Services 2.82, Industrials 2.17, Capital Goods 2.13, Consumer Durables 1.93, Metal 1.73 and Commodities group rose 1.50 percent.
The trend of the world market remained mixed. During this period, Britain’s FTSE remained strong by 0.13 percent, Japan’s Nikkei by 0.77 percent and Hong Kong’s Hang Seng by 0.78 percent, while Germany’s DAX fell by 0.49 percent and China’s Shanghai Composite fell by 0.92 percent.
The post Stormy rise in the stock market due to the rise of Reliance appeared first on Dainik Savera Times | Hindi News Portal.
[ad_2]
Source link
