Tremendous rise in the stock market, investors got a profit of about ₹ 2.11 lakh crore
A stormy rise was recorded in the stock market on Wednesday (29 November). Major indices of the market closed in the green for the second consecutive day. BSE Sensex closed at 66,901.92, up 727.71 points or 1.10 percent, and NSE Nifty closed at 20,096.60, up 206.90 points or 1.04 percent. Among the all-around purchases, the biggest purchases were in the banking, auto, and IT sectors. Due to this, the wealth of stock market investors increased by about Rs 2.11 lakh crore in a day.
In today’s session, all three indices, Large Cap, Small Cap, and Mid Cap have seen a rise. Buying was seen in NSE’s Auto, IT, PSU, Services, Pharma, FMCG, and Metal stocks. However, media and realty stocks have seen pressure.
gainers and losers
Sensex pack includes Axis Bank, M&M, Wipro, Tata Motors, HDFC Bank, Tech Mahindra, ICICI Bank, JSW Steel, TCS, HCL Tech, Infosys, Kotak Mahindra, L&T, Bharti Airtel, Sun Pharma, SBI, Tata Steel, IndusInd Bank Shares of HUL, Power Grid, ITC, NTPC, Reliance, Maruti Suzuki, Bajaj Finance and Asian Paints closed higher. At the same time, shares of UltraTech Cement, Bajaj Fin-serve, Titan, and Nestle closed in the red.
Reason for the rise in the stock market
1. Dollar index decline increased, near 102.50
2. The dollar index at its lowest level in almost 4 months
3.US 10-year bond yield at two-and-a-half-month low
4. The market does not expect further increases in US rates
5. Strong buying in heavyweight stocks in domestic stock
6. Trend positive due to buying by FIIs