Stock market bullish, Sensex jumps by thousand points; 4 lakh crore benefit to investors, what are the reasons for the boom – share market today sensex jumps by 1000 pts what factors are the reasons
With this boom, the market cap of all companies listed on BSE reached Rs 273.82 lakh crore. The Sensex opened 1,087 points higher at 58,322 points. Nifty also opened with a gain of 3088 points to 17322. The biggest gains were seen in IT and banking stocks. Shares of Infosys rose by 5 percent. The Sensex was trading at 28,282, up 1,040 points at 11.30 am.
Boom due to these five reasons
global signal
After six days of decline, the American stock market saw a rebound on Thursday. The Dow Jones rose 2.8 percent and the Nasdaq rose 2.2 percent. Despite the high rate of inflation in the US, this boom was seen in the market. According to many analysts, this boom is due to technical reasons.
Infosys ‘buyback’ again; Find out what this means and how it will affect investors
Crude oil prices
Brent and WTI crude oil fell three percent this week on concerns about a slowdown. Earlier, crude oil prices had jumped for two consecutive weeks.
dollar index
The dollar index fell sharply after the release of inflation data in the US. This also strengthened the stock market.
America will confuse Russia; Shares of Hindalco, Vedanta and Nalco rise as market war ends
technical matters
Technical factors are indicating that the stock market may experience a major bounce in the coming period.
Quarterly Results
Infosys Q2 results beat Dalal Street estimates. Among the top gainers in Nifty is Infosys. Apart from this, many other IT companies have announced their quarterly results this week.
