look news india
Stock Market Closing Bell: After huge fluctuations in the stock market today, investors looked excited as Sensex and Nifty registered huge gains in the last minutes. Sensex today closed at 73663.72, up 676.69 points after a fluctuation of 1219.5 points. Nifty also closed at 22403.85, up 203.30 points.
Investors' capital increased by Rs 3.10 lakh crore
Due to universal rally, market capitalization of BSE increased to Rs. Reached a record high of Rs 407.35 lakh crore. Today investors' capital increased by Rs 3.10 lakh crore as compared to yesterday's close. Tomorrow Rs. 404.25 lakh crore.
universal boom
Today the top 13 sector indices in the stock market closed with a decline. Smallcap and Midcap also gained 0.85 per cent and 1.07 per cent respectively. On BSE, 304 stocks hit upper circuit and 190 stocks hit lower circuit. 193 stocks reached year's high and 30 stocks reached year's low. Today 2140 shares closed in favor of decline on BSE.
Reasons behind the decline in the stock market
1. Indian stock market fear index India VIX fell 1.36 percent today and closed at 20. Which indicates bullishness in the market.
2. Global stock markets surge due to positive global factors
3. Due to low US inflation, dollar index weakened due to strong possibility of Fed rate cut from September this year
4. NDA wave increases again in Lok Sabha elections 2024 (estimate of 350 to 400 seats)
5. Encouraging quarterly results Rise in shares of metal, auto, capital goods, power segments
Vinod Nair, Head of Research, Geojit Financial Services, said that the stock market has seen a rise following positive factors globally. Amid global economic uncertainties, the Indian economy is being boosted by steady growth in exports. Due to this, buying in shares of banking, IT and industrial sectors has increased. Real improvement will be seen in the stock market after the Lok Sabha election results. If the election results go as expected, DIIs, high net worth individuals and retail investors will buy in large numbers.
