Easing tensions between the US and Iran. Due to this, the Sensex of the Bombay Stock Exchange rose by 635 points to close at 41,452. In the national stock market, the Nifty also reached 12,215 points, gaining 190 points. Investors swept the 5-week slump earlier this week. The companies ‘market capitalization increased and investors’ assets increased by two lakh crore.
Today, there is a buying spree in the fields of Power, Tech, Financial Services, Construction, Infra, Oil & Gas, Banks, Auto. Small-cap and mid-cap share purchases on the Nifty have increased. IndusInd Bank’s stock rose 5 percent on the Sensex forum. Besides, SBI, ICICI Bank, Recruitment Airtel, Infosys, IDFC, Tata Motors, PNB Bank, Yes Bank, Jindal Steel have also increased. Shares of GMR Infra, TCS, HCL Tech fell. On Wednesday, local institutional investors bought shares worth Rs. 748 crore. Asia’s major stock markets rose sharply. The US stock market was bullish.
Global oil prices have dropped in the global market.