look news india
Stock Market Closing: The movement in PSU banks and pharma stocks in the Indian stock market closed with a positive trend for the fifth consecutive day today. Sensex has risen 783.29 points from today's low. In the end, Nifty improved by 486.50 points to close at 74339.44 points and closed by improving by 167.90 points at 22570.30 points.
Intra Sensex and Nifty declined on weekly and monthly F&O expiry days. But with subsequent improvement, Nifty managed to cross the level of 22600. India VIX improved by 8 percent. Which shows instability.
Nifty PSU Bank index hits all-time high
PSU bank index hit historic high today, while SBI is at record high. At the same time, after the report of strict action by RBI against Kotak Bank, the stock of Kotak Bank fell by more than 10 percent. As a result, Axis Bank became the fourth top bank ahead of Kotak Bank.
market breadth positive
Out of total 30 Sensex stocks, 22 were up and 8 were down. On BSE, 1963 shares advanced and 1676 shares closed with a decline. Which indicates positive market breadth. 249 stocks recorded year's high and 11 stocks recorded year's low.
Market trend is cautious
Stock market experts have appealed to investors to maintain a cautious approach in the stock market. Inflation and GDP figures in America will be released today. Bond yields continued to rise, resulting in FII stake at Rs. Sales of Rs 25853 crore have been recorded. Geopolitical tension continues. However, there has been no impact on the local market.