First Published Dec 1, 2022, 9:55 AM IST
Mumbai and national stock markets opened today with gains for the 7th day in a row. Sensex, Nifty are moving towards historic highs.
Favorable international environment, falling crude oil prices, appreciation of rupee against dollar, depreciating dollar index, increase in foreign investors investment in stock market gave enthusiasm and confidence to the investors.
In particular, the US Federal Bank announced yesterday that interest rate hikes in December will be low. This gave investors a lot of confidence. Asian stocks also ended higher on the Federal Reserve Bank’s announcement. The echoes of this are from the morning in the Indian market as well.
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Already in yesterday’s trade, the Sensex crossed an all-time high of 63,000 points in the Mumbai stock market, while the Nifty crossed 18,700 points in the national stock market.
The Sensex rose over 200 points on the BSE before opening trade this morning. In early trade, the BSE Sensex rose 413 points to trade at 63,512 points. On the national bourse, Nifty rose 110 points to trade at 18,868 points.
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Out of 30 major companies in the BSE, except for 5 companies, 25 companies are in profit. ITC, Maruti, Mahindra & Mahindra, Hindustan Unilever and Asianpaint stocks fell.
Wipro, Infosys, Hindalco, HCL move with gains on Nifty, Bajaj Auto, SBI Insurance, HUL, Maruti Suzuki, Tata Consumer Goods are down.
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On the Nifty, IT stocks gained 1.79%, Metals 1.03%, Public Sector Banks 0.61%, Private Banks 0.55% and Banks 0.52%.
Last Updated Dec 1, 2022, 9:56 AM IST