Weekly Expiry The stock market has made a tremendous start today. The Sensex has jumped 400 points to reach close to 63,500. Bumper boom is also being seen in Nifty. With this the stock market has reached all time high. In early trade, the Sensex is trading at 63,496.39 points, up 396.74 points. At the same time, the NSE Nifty has gained 104.15 points to reach 18,862.50 points. Today, IT stocks included in the Sensex are witnessing tremendous growth. Today the shares of Infosys, HCL, Wipro, TCS and Tech Mahindra are witnessing tremendous growth. Today there can be a movement in the shares of auto companies because the sales figures of vehicles for the month of November are coming today. On the other hand, if we look at foreign investors, on November 30, foreign institutional investors bought Rs 9010.41 crore. At the same time, domestic institutional investors sold Rs 4,056.40 crore on this day. Market experts say that the first support for Nifty Bank lies at 42,975 followed by the second support at 42,868.
Good growth in the global market
Yesterday, a good boom was also seen in the global market. The US market Dow Jones jumped 2.18 percent or 737 points to close at 34,589. At the same time, the S&P 500 saw a jump of 3.09 percent or 122 points. Nasdaq closed at 11468 level with a gain of 484 points i.e. 4.41 percent. There was also a good boom in the European market. SGX Nifty was also trading in the green this morning. Against the dollar, it opened at a level of 81.07 with a strength of 35 paise. The rupee had closed at 81.42 on Wednesday.
Sensex closed with a jump of 418 points
With the enthusiasm of foreign investors intact, the domestic stock markets continued to rise for the seventh consecutive trading day on Wednesday. The Sensex closed above the 63,000 mark for the first time. BSE’s 30-share index Sensex climbed 417.81 points, or 0.67 percent, to close at 63,099.65 points. This is a new record level for the Sensex and for the first time it closed beyond the 63,000 mark. The National Stock Exchange’s index Nifty also registered a gain of 140.30 points, or 0.75 percent, in this phase of boom. The Nifty closed at 18,758.35 at the end of trading, which was its new record. Vinod Nair, head of research, Geojit Financial Services, said, “The domestic market continued to grow on the arrival of foreign institutional investors (FIIs). However, the eyes of the market will be focused on the address of the head of the Federal Reserve, Jerome Powell. This rally will be further strengthened if Powell signals a slowdown in interest rate hikes.
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