Opening Bell: Inflation drops in America, stock market booms; Bank Nifty crosses 44,000 for the first time – stock market opening bell sensex, nifty open higher; nifty bank opens above the 44,000 mark
Boom in IT stocks
At the beginning of the market, IT stocks are seeing a boom today. Wipro is trading up 1.23 percent, Tech Mahindra up 0.88 percent, HCL Tech up 0.69 percent and TCS up 0.68 percent. While Infosys is also trading with an increase of 0.64 percent.
Bank Nifty in pre-opening trade
The market got off to a brisk start in the pre-opening trade. The BSE Sensex rose 152 points to settle at 62,685 points while the Nifty rose 63 points to settle at 18,671 points. Apart from this, Bank Nifty reached the mark of 44 thousand.
A share of Rs 400 is being sold at Rs 21; Buying waves in the stock market
Global market boom
The rate of inflation has fallen in the month of November in America and due to this the American stock market closed in green. The Dow Jones closed up 103 points (0.30 percent) while the Nasdaq closed up 113 points (1.01 percent). Due to this, Asian stock markets are also booming. Nikkei 0.67 percent, Strait Times 0.38 percent, Kospi 0.79 percent, SET Composite 0.17 percent, Jakarta 0.34 percent, Taiwan 1.07 percent. At the same time, the Shanghai Hang Seng was trading at 1.46 percent, down 0.08 percent.
A golden opportunity to earn money, the shares of this bank at the highest level of the last 2 years!
Which stocks to look at?
Paytm’s board has approved a share buyback of Rs 850 crore. So the stock fluctuates. Also, after the approval of the appointment of Foreign Investors’ Member in Yes Bank, the stock of Yes Bank will also be on the eye of investors. Apart from this, shares of Ultratech Cement, Axis Bank, TVS Motors will be discussed.
Bounce in crude oil
Meanwhile, crude oil prices have crossed $80 per barrel today. Crude oil gained momentum as investors poured into riskier assets after US inflation fell in November.
