Stock market experts are giving four main reasons for the rise in the market. The main reason is that buyers are sitting on every fall. This is the reason that after falling for three days, there was a bumper boom in the market today.
There was a jump of 3 lakh crores in the wealth of investors.
Sensex today: The brakes were put on the decline of three days today and the stock market showed a strong rise. The 30-share index Sensex closed at 52,837 with a gain of 639 points (+1.22%) today. Nifty closed at 15824 level with a gain of 192 points (+1.23%). Out of 30 of the Sensex, 26 shares closed with a rise and only 4 shares fell.
After today’s rally, the market cap of BSE listed companies increased to Rs 234 lakh crore. On July 20, it was Rs 231 lakh crore. In this way, there has been a jump of 3 lakh crores in the wealth of investors in one day. Shares of Tech Mahindra, Bajaj Finance, Bharti Airtel, Bajaj Financial Services and Tata Steel were the top gainers today. Hindustan Unilever, Asian Paints, Bajaj Auto and Mahindra & Mahindra were the top losers today.
Buyers are sitting on every fall
Stock market experts are giving four main reasons for the rise in the market. There is a bullish trend in the global market, whose effect is visible in the domestic market as well. The market has been trading in a range for a long time. In such a situation, the buyers again dominated the decline of three days. Whenever sellers dominate the market, buyers take advantage of the fall and expand the portfolio.
The effect of the rupee rising against the dollar
Apart from this, there is a decline in crude oil while the value of rupee is rising. Crude oil is currently at the level of $ 72.84 per barrel in the international market. The rupee today closed at 74.46 with a strength of 15 paise against the dollar.
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