Share Market: Good growth in the stock market, Nifty above 15,000, boom in metal and financial sector
Stock Market Updates: Stock exchanges I am seeing good progress on Wednesday. The market has started with a significant jump in both benchmark indices. The Bombay Stock Exchange’s index Sensex has returned to the 50,700 level and the National Stock Exchange’s index Nifty to 15,000 levels. The metal and financial sector is witnessing a boom in the market amid mixed global cues.
At the time of opening, the Sensex was trading at a level of 50,749.95 with a jump of 453.06 points i.e. 0.90% at 09:16. At the same time, the Nifty opened with a gain of 141 points i.e. 0.95% at 15,060.10. At the time of opening in the 30-share Sensex, 22 stocks were trading in the green mark.
Let us tell you that on Tuesday, the BSE Sensex crossed the 50,000-mark with a strong gain of 447 points on Tuesday due to sharp buying in the shares of auto, bank and IT companies in the domestic and globally. The Sensex gained 0.90 percent to 50,296.89 points and the Nifty closed at 14,919.10 points with an increase of 157.55 points, or 1.07 percent.
According to analysts, investors are excited by the increase in GDP (GDP) in the third quarter. At the same time, the perception has also been strengthened by the stability in the global bond markets after last week’s slump. Meanwhile, Brent crude futures rose 0.71 percent to 63.76. In the foreign exchange market, the rupee strengthened by 18 paise to close at 73.37 against the US dollar.