Sensex and Nifty have seen another jump today. Nifty has climbed by 200 points. After a strong rise last week, today the 30-share Sensex of Bombay Stock Exchange jumped by more than 400 points as soon as it opened and later crossed 700 points. Nifty also rose sharply to cross 23,850.
The Indian stock market has seen tremendous growth for the 7th consecutive day. Sensex and Nifty have seen a jump. Sensex has reached close to 78500, it has increased by 730 points now.
Nifty has reached 250 points. After a tremendous gain last week, today the 30-share Sensex of Bombay Stock Exchange jumped more than 400 points as soon as it opened.
Nifty index has reached near 23800 with a gain of about 80 points. Japan’s Nikkei is trading in the green in Asian markets. At the same time, the US futures market is trading flat. Stocks like Kotak Mahindra Bank, NTPC, SBI, Tech Mahindra have reached up to 4.5 percent.
What does BSE’s Sensex say?
With the opening of the stock market, the BSE Sensex is currently at the level of 78,669.43. Yesterday, it opened at 77,456.27 with a strong gain compared to its previous close of 76,905.51 and reached 77,498.29 within no time. This pace of Sensex kept increasing as the business increased. Till now it was seen trading at the level of 77,907.42 with a jump of 1000 points.
Why is the market booming?
Expectation of rate cut from RBI: After the meeting of the US Fed, now the discussion of rate cut from RBI is also in full swing.
Foreign and domestic investors are investing heavily in the stock market.
Global companies have given a positive outlook on India’s GDP and inflation.