Due to weak economic data in the US, it is being expressed that the Federal Reserve will not aggressively increase interest rates further. Due to which the buying in the market has increased.
market bounce back
Domestic stock markets returned on Tuesday and Sensex and Nifty closed higher by more than 2-2 percent. Due to positive trend from overseas markets in the market today Buying has been seen and the Sensex closed above the level of 58 thousand. At the same time, Nifty also regained the level of 17250. The value of investors’ assets has increased by Rs 5.6 lakh crore in today’s business.
At the end of today’s trading, the 30-share BSE Sensex jumped 1,276.66 points, or 2.25 percent, to close at 58,065.47. On the other hand, the Nifty of the National Stock Exchange also closed at 17,274.30 with a gain of 386.95 points or 2.29 percent.
Rs 5.6 lakh crore profit in one day
With today’s increase, the total market value of all the companies listed on BSE has increased by Rs 5.6 lakh crore in a day to Rs 273.92 lakh crore. At the same time, in the last session, the total market value was at the level of Rs 268.26 lakh crore. The Sensex had lost 638.11 points on Monday while the Nifty had lost 207 points. Foreign signals were key for today’s gains in the market.
After the rise in the US market, Asian markets remained strong today, South Korea’s Kospi and Japan’s Nikkei were in gains in other Asian markets. With some economic data weakening in the US, it is being raised that the Federal Reserve may aggressively halt interest rate hikes. With this, investors have breathed a sigh of relief. The effect of which has been seen from the buying at lower levels today.
Where is the advantage and where is the loss
Of the 30 Sensex stocks, IndusInd Bank, Bajaj Finance, Tata Consultancy Services, Bajaj Finserv, HDFC, Tata Steel, Larsen & Toubro, Wipro, HDFC Bank and Axis Bank were the major gainers. On the other hand, PowerGrid, Sun Pharma and Dr. Reddy’s declined. At the same time, today all sector indices have seen an increase. The biggest gains have been seen in private banks and the metal sector, both sector indices have closed higher by more than 3-3 percent. At the same time, today the volatility index, which shows the fear of investors, has decreased by more than 8 percent.