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News India Live, Digital Desk: Spring is back in the Market Again: The Indian stock market has made a brilliant start on Wednesday. On the basis of positive signs from global markets and the growing confidence of investors, the market reached the green mark as soon as the market opened. In the pre-open session itself, the Sensex made a tremendous jump of 400 points, while the Nifty also reached very close to the psychological level of 25,000.
How was the start of the market?
Morning business started rapidly. The Bombay Stock Exchange (BSE )’s 30 -share major index Sensex opened beyond 81,400 with a gain of over 300 points. At the same time, the Nifty of the National Stock Exchange (NSE) opened at 24,974 levels with a strength of 105 points.
At around 9:08 am in the pre-open session, the Sensex jumped around 400 points to test the 81,500 level, while the Nifty rose to close to 25,000 with a gain of over 100 points.
Why is this boom in the market?
There are many domestic and international reasons behind this market enthusiasm.
- Positive Global Signs: The record breaking boom in American stock markets also saw the impact on Asian markets, which has also benefited the Indian market.
- Good signs from gift nifty: Gift Nifty was also seen in the morning, due to which signs of a strong start for the Indian market had already been found.
- Shopping in IT and FMCG stocks: The market closed with an edge on the last trading day, that is, on Tuesday, in which good purchases in IT and FMCG stocks played a big role.
On Tuesday, the Sensex climbed 314.02 points to close at 81,101.32 and the Nifty gained 95.45 points to close at 24,868.60. Experts believe that there may be a positive trend in the market. He says that investors should monitor the performance of major banking and IT shares.
Overall, the current market environment is quite encouraging for investors. It will now be seen whether the Nifty is able to cross the magic figure of 25,000 today.