The country's stock markets witnessed a storm on Thursday. The Sensex reached an all-time high of 83,166 points and the Nifty reached an all-time high of 25,433 points.
Before the end of trading, suddenly the bulls took over and the market went into a bullish mood. There was a rush to buy shares amidst the sound of lavish applause everywhere. Due to which, in the moments of calculation, the wealth of investors increased by Rs. 6.60 lakh crore. Investors were devastated. At the end of the day, the Sensex closed with a slight decline of 1,440 points at 82,962, while the Nifty closed 470 points higher at 25,388. On Wednesday, the market cap of the Mumbai Stock Exchange rose from Rs. 460.76 lakh crore on Thursday. 6.60 lakh crore to Rs. 467.36 lakh crore. The market opened in the green zone after the rise in Asian stock markets and the possibility of a 50 basis point cut in interest rates by China. This supported the bullish sentiment in the market and the Sensex crossed 83,000 points for the first time and the Nifty crossed 25,400 points.
Due to sudden rise in the price of shares
The Federal Reserve may cut interest rates by 25 basis points on the 18th after the US inflation data
Investment of domestic investors and FIIs is expected to increase in the country's stock markets
Bullish trend in foreign stock markets
There are indications that the price of crude oil in the foreign market may fall to around $ 72 per barrel
Dollar index softens
There are chances of reduction in interest rates in the country also.
In September alone, FIIs invested Rs. 17,016 crore