look news india
The stock market has once again seen a boom on Thursday. The Sensex was in the red zone in the morning but the stock market closed in the Green Zone at 3.30 pm. The Sensex gained 346 points to close at 76,879 points. While the Nifty closed at 23,293 points with a gain of 130 points.
Stock market boom
India’s benchmark index increased on Thursday under the leadership of government-owned companies and non-bank lender Bajaj Finance, while the decline in Tata Motors was limited. The auto index fell 1.2% due to a decline in the third quarter profit, Tata Motors fell nearly 8.5%, its luxury Jaguar Land Rover (JLR) segment led to weakness and domestic car sales declined.
Contrary to an increase of 2.6% from the previous season, the IT index fell 0.5%. Nine out of the 13 major areas saw a positive attitude in the beginning, domestically focused small-cap and mid-cap stocks gained 0.5% and 0.4% respectively.
In individual shares, non-bank lender Bajaj Finance increased by 4% after registering a large quarterly profit on strong debt hike. Throughout the night, Wall Street’s stocks closed down with a decline and mostly in the Asian markets on Thursday as the US Federal Reserve kept the interest rates unchanged as expected. High American interest rates make emerging markets such as India less attractive to foreign investors.