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Stock Market Today: There was a decline in the Indian stock market for the last three days but today on Thursday a strong rise is being seen. Sensex is trading at 85,204 with a gain of 617 points and Nifty is trading at 26,090 with a gain of 211 points. There are some important reasons behind this rise.
Share Market Today: There is a strong rise in the Indian stock market today on Thursday. Today at 10:00 am, Sensex is trading at 85,204 with a gain of 617 points and Nifty is trading at 26,090 with a gain of 211 points. Talking about the broader market, strong growth is also being seen in midcap and smallcap. Out of 50 shares of Nifty, 48 shares are seeing a rise. Nifty gainers include shares of JSW Steel. Its shares are trading with a gain of 2.2.82 percent. Apart from this, Tata Motors PV and Adani Port are also included in Nifty top gainers.
Whereas, if we talk about Nifty top losers, stocks of Bharatiya Airtel, Eichers Motors, Tata Consumer PDTS are included. Strong growth is being seen in all sectoral indices. But there is still a question in the minds of investors that what are the main reasons behind this rise.
Why did the Indian stock market run away?
The biggest reason behind this rise is that good signals are being received from all over the world. A strong rally was seen on Wall Street in America because there is a possibility that the Federal Reserve may reduce interest rates soon. In this happiness, today all the Asian markets also went up and a strong rise was seen in the Indian stock market too. The second big reason is that the expectations of peace talks between Russia and Ukraine have increased. The third reason is that the prices of crude oil are continuously falling. This is expected to reduce inflation. Also, due to the news of a soon trade deal between India and America, a wave of happiness is being seen in the market.
On Tuesday, the American stock market again witnessed a good rally. The S&P 500 and Nasdaq indexes rose for the third consecutive day. The reason was that the retail sales figures there were weak and people’s confidence also decreased. It seems that the US Central Bank Fed will reduce interest rates very soon, so investors are happy and buying. Thursday is a Thanksgiving holiday in America, so the entire stock and bond market will remain closed. There will be only half day trading on Friday also. This means that there will be no new news from the American market for two days, but this rise on Tuesday is supporting our market even today.
Greenery spread in all sectors
Strong buying is being seen in some main sectors of the stock market. A rise of about 450 points is being seen in Bank Nifty. Talking about banking stocks, 11 out of 12 stocks are showing growth. Apart from this, there is a rise of 1% each in Nifty Metal, PSU Bank, Realty Sector. Consumer durables, oil and gas sectors are seeing a growth of more than 1 percent.
Gift Nifty gave positive signals
Gift Nifty was trading at a premium of more than 104 points this morning, which means it was much higher than the level at which Nifty futures closed yesterday. It was also expected that today the Indian stock market is going to open in the green i.e. gap-up.
