After the announcement of the US central bank Federal Reserve, the global stock market rose sharply on the domestic stock market on Thursday. The Sensex rose 495 points in early trade and the Nifty also rose more than 150 points. With this boom in the market, BSE is seeing an increase of 124779 lakh crore rupees in the total market cap.
After the market closed on Wednesday, the total market cap of BSE was 2,03,71,252.94 crore. Which has increased to Rs 2,04,96,031.95 crore at 10.13 am on Thursday. Investors who invested in the Indian stock market after the announcement of the US Fed Reserve made about 1.24 lakh crores in a few hours.
Why the boom?
In fact, the US Federal Reserve has indicated to keep interest rates stable till 2023 while releasing the estimate of increase in US GDP. Positive signs of this announcement of America have been shown on Indian markets. Due to which, in the total market cap of BSE, the initial business is seeing a boom.
Morning market
The Sensex was trading at 50,231.40, up 429.78 points, or 0.86 per cent, from the previous session at 9.21 am while the Nifty was up 134.55 points or 0.91 per cent from the previous session at 14,855.85. The Sensex based Sensex opened at 35,161.25, a gain of 359.63 points from the previous session and rose to 50,296.35 in early trade. The National Stock Exchange (NSE) 50-share sensitive index Nifty opened with a gain of 134.20 points at 14,855.50 from the previous session and rose to 14,875.20 while the Nifty closed at 14,835.80.
What is America’s decision
The Federal Reserve has released an estimate of the annual growth rate in the US gross domestic product (GDP) to rise from 4.2 per cent to 6.5 per cent. The US central bank has decided to keep the federal fund rate stable from zero to 0.25 per cent. It is believed that the impact of this decision can be seen even further.
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