The Stock Market Expert report says Banking stocks have consistently handled the second stock market. Shares of public sector banks rose sharply to announce lower borrowing in the next financial year by the government. The domestic stock market closed for the second consecutive day. The Sensex closed 108 points higher at 33,174 points. The Nifty closed at the 10,182 level with a gain of 54 points. In today's business, all sectoral indices have been fasting.
Earlier, on Tuesday, the domestic Stock Market started with a rise in positive signals from the global market. The Sensex rose by 107 points to 33,173 points. At the same time, the start of the Nifty rose 57 points to 10,188 levels. Sensex jumped more than 300 points by buying in heavyweight stocks, while the Nifty managed to cross 10,200. In today's trading, the Sensex rose to 33371.04 level. The Nifty touched the level of 10,207.90
Reasons for the market
- According to Rudra Investment Stock Market Expert, the reasons for the rise in the market are a shortcoming.
- With the reduction of trade war tension between the US and China, the global market has accelerated. Actually, after imposing import duty, negotiations have begun in the US and China to improve American reach in the Chinese market. This led to a buoyancy in the market with anticipation of a trade war.
- Trade bar tension was low, the US markets gained momentum on Monday. Dao Jones closed 669 points higher
- Fast Indian markets got strong support in the Asian market on Tuesday.
Good purchases in mid-caps, smallcap stocks
Large-cap stocks are getting good shopping in mid-caps and smallcap stocks. BSE's mid-cap index has gained 1.25 percent. BSE Smallcap Index has gained 1.44 percent.
In all sectoral index green marks
In terms of sectoral index, in today's business, the NSE is seeing a business with the increase in all sectoral indices, including banks, auto. Bank Nifty is trading 0.84% higher at 24,448 level.
The fastest nifty metal index has recorded 1.93 percent. In addition, Nifty Realty is trading 1.18%, Nifty Pharma 0.72%, Nifty IT 0.69% and Nifty Auto are trading 0.41%.
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