Mumbai, First Published Mar 23, 2022, 9:39 AM IST
The Bombay Stock Exchange and National Stock Exchange opened higher for the second day in a row this morning. Thus investors continue to trade happily.
Excitement
Before the start of morning trade, the Sensex was up 102 points on the Mumbai Stock Exchange and the Nifty was up 22 points on the National Stock Exchange.
International factors
All of the international factors were positive, as it was echoed in the stock market. In an interview with US Federal Reserve Chairman Jerome, he said, “The Federal Reserve will raise interest rates and control inflation if necessary.”
The United States has called on NATO countries to impose additional sanctions on Russia as the next step in the Ukraine-Russia war.
Foreign institutional investors, who have been withdrawing from the stock market for the past few weeks, invested Rs 384 crore yesterday alone, giving confidence to investors.
Confidence for investors
RBI Governor Shaktikant Das also encouraged investors by saying that inflation in India was not a cause for concern and that there was no need to worry about a slowdown in economic growth.
Boom
Thus, investors eagerly bought and traded shares in the Mumbai Stock Exchange as trading resumed this morning. As a result, the Sensex was up 458 points at 58,402. At the National Stock Exchange, the Nifty was up 123 points at 17,439.
Profit
Among the Nifty stocks, Hindalco, IOC, Axis Bank, HDFC Bank and Tata Steel were among the gainers. Shares of Bharti Airtel, Britannia, Coal India, Cipla and Hiromotors are down.
Of the 30 major stocks in the Mumbai Stock Exchange, only NTPC and Bharti Airtel are moving down, while the other 28 are up.
Last Updated Mar 23, 2022, 9:39 AM IST