Mumbai, First Published Apr 20, 2022, 3:55 PM IST
MUMBAI: The National Stock Exchange (BSE) today opened with a gain of 5 days.
Hope
The Federal Reserve has decided to raise interest rates due to rising inflation in the United States. It is expected to come into effect from May. Despite the corona impact in China, the declining infection in Shanghai and the resumption of operations have given investors confidence.
Asian Stock Exchange
The European stock market and the US stock market ended higher. In Asia, stocks in Malaysia, Singapore and the Philippines also ended higher, giving investors confidence.
International Monetary Fund
Investors are eagerly awaiting the release of quarterly results of Indian companies this week. Despite the escalation of the Russia-Ukraine war, the International Monetary Fund has warned that a two-state war would slow global economic growth, but investors have not taken it seriously.
The trade which started with a rise in the morning ended with a rise in the evening. The Sensex ended 574 points higher at 57,037 points in the evening trade on the Bombay Stock Exchange.
At the National Stock Exchange, the Nifty was up 177 points at 17,136 points. 1716 shares appreciated, 1593 shares depreciated and 111 shares remained unchanged.
Boom
Shares of HDFC Bank, HDFC ended the last 10 days with a one per cent gain.
Only 11 stocks ended lower on the 30-company Mumbai Stock Exchange. The remaining 19 stocks ended higher.
BBCL, Tata Motors, Shree Cements, Ultra Tech Cement and Acer Motors were the top gainers in the Nifty. Shares of Bajaj Accounting, ICICI Bank, Bajaj Pinserv, JSW and ONGC ended lower.
Shares of automobile, pharmaceuticals, information technology, oil and gas gained 1-2 per cent in the Nifty. Shares of Maruti, Asian Paints, Ultratech Cement, Dr Reddy’s and Nestle India gained 2 per cent on the Bombay Stock Exchange.
Last Updated Apr 20, 2022, 3:56 PM IST