India Buzz News
Buisness

Update on today’s closing of the stock market: Sensex rises 493 points, while Nifty reaches a lifetime high.

<p><strong>Share Market Closing Update:</strong> Driven by positive macroeconomic data and persistent inflows of foreign funds, the benchmark stock index Nifty reached a record high, while the Sensex gained 493 points to reach an 11-week high.</p>
<p><img decoding=”async” class=”alignnone wp-image-295109″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-update-on-todays-closing-of-the-stock-market-sensex-rises-493-points-while-nifty-r.jpg” alt=”theindiaprint.com update on todays closing of the stock market sensex rises 493 points while nifty r” width=”1043″ height=”694″ title=”Update on today's closing of the stock market: Sensex rises 493 points, while Nifty reaches a lifetime high. 12″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-update-on-todays-closing-of-the-stock-market-sensex-rises-493-points-while-nifty-r.jpg 275w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-update-on-todays-closing-of-the-stock-market-sensex-rises-493-points-while-nifty-r-150×100.jpg 150w” sizes=”(max-width: 1043px) 100vw, 1043px” /></p>
<p>The 30-share BSE Sensex closed at 67,481.19, its highest closing level since September 18, up 492.75 points, or 0.74 percent. It increased by 575.89 points, or 0.85%, to 67,564.33 throughout the day.</p>
<p>The Nifty reached an all-time high of 20,267.90 after rising 134.75 points, or 0.67 percent, to close. The benchmark increased by 158.4 points, or 0.78 percent, throughout the day to reach a record-breaking intraday high of 20,291.55.</p>
<p>ITC, NTPC, Axis Bank, Larsen & Toubro, Bajaj Finance, Asian Paints, and Tata Steel were among the Sensex firms that saw gains. Losses were reported by Wipro, Mahindra & Mahindra, Maruti, IndusInd Bank, Kotak Mahindra Bank, and HDFC Bank.</p>
<p>According to exchange statistics, on Thursday, foreign institutional investors (FIIs) purchased stocks valued at Rs 8,147.85 crore. “India’s GDP figures beat estimates, improving the country’s growth prospects for FY24 and providing the market with more impetus.</p>
<p>Ahead of today’s statement by the FED Chair, the global market also gained momentum on expectations that the ECB has concluded its cycle of rate hikes in response to decreasing inflation.</p>
<p>Geojit Financial Services’ head of research, Vinod Nair, stated: “Auto sales numbers showed festive enthusiasm, but premium valuation limited the upside potential.”</p>
<p>With its GDP expanding at a faster-than-expected 7.6 percent in the September quarter, thanks to government expenditure and a boost from the industrial sector, India continued to hold the title of being the major country with the highest rate of growth in the world.</p>
<p>In the overall market, the BSE midcap gauge increased by 0.96 percent, while the smallcap index saw a 0.48 percent increase. Power is 1.57%, FMCG is 1.53 %, Utilities is 1.46 %, Real Estate is 1.32%, Metals is 1.07%, Commodities is 0.92%, and Industrials is 0.88% among the indexes. The only one that lags is auto. The benchmark BSE increased by 1,511.15 points, or 2.29 percent, on a weekly basis, while the Nifty increased by 473.2 points, or 2.39 percent.</p>
<p>Shanghai finished the Asian market year in the black, but Seoul, Tokyo, and Hong Kong all saw losses. The trading on European markets is favorable. US markets closed Thursday mainly higher.</p>
<p>According to a monthly poll released on Friday, India’s manufacturing sector maintained its robust performance in November as a result of a notable reduction in pricing pressures and increasing customer demand.</p>
<p>The benchmark for the BSE finished at 66,988.44 on Thursday, up 86.53 points, or 0.13 percent. To reach 20,133.15, the Nifty increased by 36.55 points, or 0.18 percent.</p>
<p>The majority of exit polls on Thursday predicted that the Congress would gain ground in Telangana and Chhattisgarh, while the BJP would dominate in Madhya Pradesh and Rajasthan.</p>

Related posts

To expedite the train project, Indian Railways has partnered with an Indo-Russian JV; see all the details here

cradmin

Why Name-Brand Items Are So Cheap At Their Factory Outlets

cradmin

Having Problems Managing Your Finances? Read These Books For Advice From Experts

cradmin