look news india
Ahmedabad: The panic created by the tax hike proposals in the Budget was eased by a good monsoon across the country. The Sensex rose 1292 points and Nifty 428 points in fresh buying led by foreign investors and domestic institutions in the Mumbai stock market today amid reports of significant progress of monsoon across the country, growth in the agro-rural sector and some specific proposals in the Budget to boost the economy. The Nifty hit a new all-time high of 24861 today. Investors' wealth increased by Rs 7.10 lakh crore today led by the surge in the Sensex.
After the news of increase in long term and short term capital gain tax in the budget, selling was seen in the stock market from the day of the budget. At the same time, the positive effect of these reports was also seen that along with the good progress of monsoon in the country, agriculture and rural economy will also improve.
On the back of these reports, the National Stock Exchange's Nifty today surged 455 points intra-day to a new high of 24861, due to fresh buying by foreign investors as well as domestic institutions, before closing at 24834, up 428.75 points. It closed at a new high of .85, with operators and players.
At the same time, the Sensex also rose by 1387 points intra-day to reach 80427 and at the end of trading, it strengthened by 1292.92 points to reach 81332.72. Due to the rise in the Sensex, the wealth of investors increased by Rs 1,000 crore today. It rose to Rs 7.10 lakh crore. 456.93 lakh crore reached a new peak.
Foreign investors today invested Rs 2546 crore. New levy of Rs 2774 crore was imposed.
