Mumbai, First Published Apr 1, 2022, 3:49 PM IST
MUMBAI: The National Stock Exchange (BSE) today ended the day on a positive note as the National Stock Exchange (BSE) traded higher this afternoon.
Start decline
Most stocks fell in the United States as first-quarter results were released yesterday. The quarter yesterday saw a decline not seen in the last 2 years. The Nasdaq fell 1.54%. Echoes of this impact were felt in the Asian stock market and the European stock market. At the Asian Stock Exchange, the Nikkei was down 1.29% and Topics was down 1.2%.
As the impact was felt in the Indian stock market this morning, trading started with volatility and moved towards the downside.
But President Joe Biden said the United States would cut off its crude oil reserves and reduce prices. Following this, the price of crude oil in the United States fell to $ 100.
Investors are excited
Thus investors got excited and started buying oil and gas stocks with enthusiasm. The market was busy trading in the afternoon. It was also reported that the interest rate on the loan will not be reduced in the RBI’s monetary policy next week as it aims at the country’s economic growth. These gave confidence to investors.
Boom
The Bombay Stock Exchange benchmark Sensex rose by 708 points to close at 59,277 points in the evening trade. At the National Stock Exchange, the Nifty was down 206 points at 17,670.
On the Mumbai Stock Exchange, which has 30 major stocks, only 5 stocks declined and the remaining 25 stocks went into profit.
Profit
Shares of Tech Mahindra, DoctorRetis, Sunpharma and Titan ended lower. Shares of NTPC, Powergrid, Bharti Airtel, ONGC, BBCL, Tata Steel, ITC, Kotak Bank, Mahindra & Mahindra, IndusIndvank, HDFC Bank, Bajaj Binas, Axis Bank, Maruti Suzuki, ITC
Shares of metals, automobile, oil and gas, power, public sector banks and banks were gainers while IT, pharmaceuticals and pharmaceuticals were down.
Last Updated Apr 1, 2022, 3:49 PM IST