look news india
Stock Market Closing: Sensex rose 128.33 points after opening at an intraday high of 74812.43 after global stock markets and Fed Reserve's announcement opened on a positive note. Closed with gains. Nifty 50 closed above 22600 for the third consecutive day, which is a bullish sign.
Nifty 50 today closed at 22648.20, up 43.35 points. Investors' capital in BSE is Rs. There was an increase of Rs 2 lakh crore. A fluctuation of 451 points was seen in Sensex today. Profit-booking increased on expectations of market improvement, due to which the Sensex fell after rising 329 points. HDFC Bank, PowerGrid closed positive on volumes.
Rise in midcap stocks
Today's huge gains in midcap stocks took S&P BSE Midcap to a historic high of 42564. Finally it closed at 42503.13 with a jump of 381.73 points. Auto, Consumer Durables, Power indices also reached all-time high today.
Reasons behind market decline
Global stock markets have gained momentum after the Federal Reserve announced that it will keep interest rates unchanged and make no cuts till the end of this year. Dow Jones jumped more than 300 points. Due to this, Sensex and Nifty have increased due to the possibility of increase in foreign investment.
market breadth positive
Of the total 3957 stocks traded on BSE, 1912 were up and 1924 were down. 268 shares reached year's high and 12 shares reached year's low. 18 Sensex shares closed in the green and 12 shares closed in the red. Which indicates a cautious attitude with the market situation remaining positive.