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Stock Market Today: After a fall of 2222 points on Monday, the stock market has seen an intra-day recovery of up to 2000 points for two consecutive days. Today the Sensex rose 1000 points to a high of 79639.20. It was trading at a low of 79106.28. At 11.03 am, it was trading at 79432.22, up 839.15 points.
After closing at 23992.55 yesterday, Nifty regained the level of 24000 today. At 11.04 am, it was trading at 24317.90, up 1.35 per cent or 325.35 points.
Investors' capital increased by Rs 7 lakh crore
At the time of writing the news, a total of 3787 shares were traded on BSE today, out of which 2774 shares improved and 877 shares declined. With this, the investors' capital has increased by Rs. 7 lakh crore due to the universal reforms step. Upper circuit was applied in 185 shares and lower circuit in 215 shares. While 141 shares have reached a new peak of the year.
Sectoral indices are Energy 2.97 per cent, Healthcare 1.61 per cent, IT 1.53 per cent, Auto 1.36 per cent, Capital Goods 2.12 per cent, Metal 3.04 per cent, Oil & Gas 3.58 per cent, Power 1.45 per cent, Realty 1.58 per cent, Technology 1.27 per cent and FMCG 1.24 per cent rising in today's trade. Smallcap and Midcap have also witnessed a jump of up to 2 per cent.
DII supports FII's selloff
Domestic investors are giving tremendous support to the selling of foreign investors. Local institutional investors are saving the market as it is in a recession due to continuous borrowing. Yesterday, foreign investors invested more than Rs. Domestic institutional investors withdrew Rs 3531.24 crore. Net purchase of Rs 3357.45 crore has been shown.
The reason behind the fall in the market
Due to the universal improvement in the stock market globally, the Indian stock market is also moving in the green. Investors took a sigh of relief after the US Federal Reserve announced measures to reduce the fears of recession in the US. The US stock market recovered yesterday after a big decline in the last three days. The European market also saw a strong recovery. Japan's Nikkei is also moving in recovery mode after digesting the announcement of interest rate hike. According to market experts, the market may see fluctuations until the policy makers take any definite clarification or decision. The situation of war continues in the Middle East. Also, the effect of the rebellion can be seen to a great extent in the neighboring country.
