look news india
Ahmedabad: With the completion of various phases of the Lok Sabha elections, the country's two major stock markets witnessed a stormy rise today on the back of fresh buying led by foreign investors amid strong hopes of formation of a stable government at the Center. On the back of the report of record dividend payment by the Reserve Bank. In which the Sensex closed at a new record level after making an all-time high of 75,499 and Nifty 22,993 at the end of the session. After the surge in Sensex, the wealth of investors reached a new record high of Rs 420.22 lakh crore today.
Before the last two phases of the Lok Sabha elections, on the back of strong hopes of formation of a stable government in the country and favourable results for corporate companies, foreign investors have once again entered the Indian market and the market has reached a new record.
Based on the above reports, the Sensex crossed the 75,000 mark at the Mumbai stock market today and touched a new all-time high of 75,499.91. However, it closed at a new record high of 75,418.04, up 1196.98 points.
On the National Stock Exchange, fresh buying towards the end of the session helped the Nifty surge past 23,000 to an all-time high of 22,993.60, after rising 369.85 points to close at a record high of 22,967.65.
On the back of a rise in the Sensex, investors' wealth today rose to Rs. 4.28 lakh crore at the close of trading. The wealth reached a new record level of Rs. 420.22 lakh crore. Foreign investors today invested Rs. 4,671 crore. While local bodies made purchases worth Rs. 146 crore.
The main reasons for the boom
– Hope for a stable government
– Normal monsoon forecast
– Progress in global markets
– Reserve Bank dividend
250 point difference in Dow Jones
The Dow Jones index of the US stock market today fell by 250 points in early trade after the Federal Reserve expressed concern about inflation and Goldman estimated that interest rates will not be cut this year.
Following the above report, the Dow Jones fell 250 points to 39420 due to selling pressure.