Stock Market News: Due to the progress being made towards ending the shutdown of the US government, the effect of the rise in global markets is also visible on the Indian stock market. Strength was seen in the domestic markets on the first trading day of the week i.e. Monday. Due to strong buying in shares of banking, metal and energy sectors, BSE Sensex rose by more than 500 points in afternoon trade, while Nifty-50 is also trading above 25,500.
At around 12:41 pm, the Sensex rose by 508.20 points (0.61%) to reach 83,724.48, while the Nifty was trading at 25,645.40, up 153.10 points (0.60%).
due to speed
Progress towards ending the shutdown by the US Congress has generated positive sentiments in global markets. Apart from this, buying by foreign institutional investors (FIIs), better second quarter results of companies, and positive signs of the country’s economic growth are also supporting the market.
analysts opinion
Dr. V.K., Chief Investment Strategist, Geojit Financial Services. According to Vijayakumar, India’s performance in emerging markets has been very strong. Inflation is under control in the country and there is a rise in domestic economic activities. He said that the Indian economy remains more stable and strong as compared to other economies.
At present, investors are keeping an eye on the final decision on US shutdown, data related to inflation and industrial production. These indicators will enable a better assessment of the actual condition of the Indian economy in the coming days.
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