Mumbai, First Published Apr 26, 2022, 9:47 AM IST
Mumbai and the National Stock Exchange, which have been in decline for the past two trading days, started with gains today. Thus investors are buying shares with pleasure and enthusiasm
US Stock Exchange
The stock market has been on a downward trend for the past 2 days following the announcement by the US Federal Reserve to raise interest rates. But as trading in the US Nasdaq ended with a boom yesterday, that echo was seen in the Asian stock market and the Indian stock market.
Thus confident investors are eagerly engaged in investing. The quarterly results of the two major companies, HDFC Life and Bajaj Accounting, are expected to be better. Investors are eagerly buying stocks because of this belief.
Attention
However, investors are also wary of the possibility of an escalation of the war between Ukraine and Russia, the growing corona spread in China, and the announcement of a lockdown in several states.
Boom
The stock was trading 500 points higher before the start of trading this morning. The Bombay Stock Exchange benchmark Sensex rose by 700 points to trade at 57,288 points. The Nifty was up 210 points at 17,164 on the National Stock Exchange.
Excitement
On the Mumbai Stock Exchange, which has 30 major companies, all the stocks are moving in the positive direction.
Automobile, Bank
Shares of Bajaj Auto, Hindustan Unilever, Tata Motors, Mahindra & Mahindra and IndusInd Bank moved higher in the Nifty. Shares of the automobile sector in the Nifty are moving with a maximum gain of 2%. It is followed by FMCG, Public Sector Bank, Private Banking, Pharmaceuticals, Financial Services and Banking with an average of over one per cent.
Last Updated Apr 26, 2022, 9:47 AM IST