look news india
Stock Market Closing Bell: Sensex and Nifty witnessed impressive gains today due to positive factors at global and local level. Sensex closed 941.12 points up at 74671.28, while Nifty closed 223.45 points up at 22643.40. The credit for this rise in the stock market was given to the shares of banking, especially private banks.
Investors' capital increased by Rs 3 lakh crore
Today in BSE Rs. Market cap of Rs 406.47 lakh crore has been recorded. Which on Friday was Rs. Rs 404 lakh crore against investors' capital. An increase of Rs 2.5 lakh crore is visible. Out of the total 4088 trades that took place on BSE in 2015, 1894 saw gains and 1894 saw declines. 284 stocks hit 1-year high and 11-year low.
rise in banking shares
Shares of most of the banks including Axis Bank, ICICI Bank, SBI, IndusInd Bank rose today and reached the highest level of the year. Midcap and smallcap indices also closed down by 0.8 per cent after hitting intraday highs. While Metal, Healthcare, Power, Oil and Gas indices improved by 0.4-2 per cent.
Positive factors for the market
The geopolitical crisis has subsided. The US Federal Reserve will decide on rates on Wednesday. Investors are keeping an eye on this. Stock-specific rallies gained momentum after March quarter results came in stronger than expected. Even at the local level, investors are increasing buying at lower levels due to strong expectations of results in the Lok Sabha elections. However, the selling trend among foreign investors continues.
Volatility index India VIX rose 12% to 12.30 ahead of these key events and the closing of Back Home Bank Nifty monthly derivatives on Tuesday. With US core PCE inflation holding steady at 2.8%, the US Fed is expected to make some positive announcements on rate cuts at the next US Fed meeting.