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After the decision of RBI, there is a good rise in the Indian stock market. An increase of 684.4 percent points has been recorded in the Sensex in the trading session. Due to which the Sensex has reached the day's highest level of 82,319.21 points. Thus, at 12 noon the Sensex is trading at 81,924.97 points with a gain of 262 points.
The decision taken after the monetary policy meeting of RBI has shocked the country by changing its stance to neutral. After which it was being speculated that there could be a cut in interest rates in December or February next year. RBI can cut it by 0.25 percent. Since then there has been a good rise in the stock market. Sensex crosses 82300 mark. Sensex has seen a rise of 684 points in the trading session. On the other hand, growth is being seen in Nifty. Nifty also saw a rise of more than 300 points. This boom has deposited Rs 5.66 lakh crore in the pockets of stock market investors.
Rs 5.66 lakh crore came into the pockets of investors
Investors have benefited tremendously from this boom in the stock market. The benefit to investors is linked to the market cap of BSE. A day ago the market cap of BSE was Rs 4,59,50,926.21 crore. Which has increased to Rs 4,65,16,472.55 crore. This means that stock market investors have made a profit of Rs 5,65,546.34 crore. A day earlier, investors had made a profit of Rs 7.50 lakh crore. That means, from yesterday till now, investors have made a net profit of about Rs 13 lakh crore.
Which stocks rose?
After the RBI decision, shares of Shriram Finance rose by 3.17 percent. At the same time, a rise of 2.54 percent is being seen in the shares of Trent, whereas a day ago an increase of eight percent was seen in the shares of Trent. Apart from this, shares of Tata Motors are trading with a gain of 2.39 percent. Whereas SBI shares are seeing a rise of 2.30 percent.
Talking about falling stocks, a decline of 2.28 percent is being seen in the shares of Nestle India. Shares of ONGC, Britannia and ITC are down by more than one percent. A decline of 0.72 percent was recorded in the shares of Hindustan Lever.