Fed Chairman's statement filled the Indian stock market with enthusiasm, closed with huge rise, market cap increased by Rs 6 lakh crore

Fed Chairman's statement filled the Indian stock market with enthusiasm, closed with huge rise, market cap increased by Rs 6 lakh crore

Stock Market Closing On 21 March 2024: The statement of the Chairman of the US Federal Reserve to cut interest rates three times in 2024 has increased the enthusiasm of the stock market around the world, which also includes the Indian stock market. Is. The result of this is that there was heavy buying by investors in the stock market in Thursday's trading session. Especially there was maximum buying in midcap stocks, due to which the Nifty midcap index saw a rise of more than 1100 points. At the end of today's trading, BSE Sensex closed at 72,641 with a jump of 539 points and Nifty of National Stock Exchange closed at 22012 with a jump of 172 points. Nifty has again been successful in crossing the figure of 22000. 

Investors' wealth increased by 6 lakh crores!

Due to the spectacular rise in the Indian stock market, there has been a huge increase in the wealth of investors. The market cap of stocks listed on BSE has increased to close at Rs 380 lakh crore which was Rs 374.12 lakh crore in the last session. That means, in today's session, there has been a jump of Rs 5.88 lakh crore in the wealth of investors.

Sector condition 

In today's trading, due to buying in midcap stocks, Nifty Midcap 100 index closed with a jump of 1113 points and crossed 47000 while the Small Cap index closed with a rise of 366 points. Among the sectors, stocks of Banking, Auto, IT, Pharma, FMCG, Metals, Energy, Oil & Gas, Consumer Durables and Healthcare sectors closed with gains and no sector was seen in the red. Of the 30 Sensex stocks, 26 closed with gains and 4 closed with losses. While out of 50 Nifty stocks, 43 closed with a rise while 7 closed with a fall.  

Rising and falling shares 

BPCL 3.73 percent, NTPC 3.62 percent, Power Grid 3.44 percent, Tata Steel 3.06 percent in today's trading. Has closed with a speed of. While Bharti Airtel is down by 0.89 percent, ONGC is down by 0.34 percent. 

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