First Published Nov 24, 2022, 10:05 AM IST
The Mumbai and National Stock Markets opened higher today for the 3rd day in a row. Sensex, Nifty points are moving higher.
what is the reason
While the international environment is favorable, the news that the US Federal Bank is going to raise interest rates less has given confidence to investors. Correspondingly, the dollar index depreciated and the rupee appreciated.
Declining crude oil prices in the international market is also seen as a positive aspect for the Indian economy. Despite the increase in the spread of Corona in China, its impact on the Asian market is not great. The Reserve Bank’s announcement also shows that credit growth in the Indian economy has increased, indicating that the economy is on a growth path.
Due to this, the market is trading enthusiastically as investors start trading with confidence from morning onwards. Sensex and Nifty points are on the upside.
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The Sensex rose 154 points to trade at 61,665 points on the BSE. Nifty gains 40 points to settle at 18,307 points on the national bourse.
Out of 30 companies in BSE, only 5 companies are in losses while all other companies are in profit. ITC, Sunpharma, NTBC, Bharti Airtel, Kotakvangi shares were down. Tata Consumer Goods, UPL, HDFC, Mahindra & Mahindra, PPCL are the top buys in Nifty. ONGC, Adani Enterprises, JSW, SBI Insurance and Bharti Airtel declined.
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On the Nifty, only metals stocks fell. Top gainers were public sector banking stocks up 1.36%, IT up 0.64%, media, FMCG and financial services stocks.
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US stocks closed higher yesterday. Subsequently, the Asian stock market also ended the trade on a positive note. The US stock market is off today as it is Thanksgiving Day.
Last Updated Nov 24, 2022, 10:04 AM IST