Stock Market Update: The Indian stock market saw a boom on the last trading day of the week on the back of positive signals from the global market. In Friday’s trading session, both the major indices opened with green marks. The 30-share Sensex gained 927.41 points to open at 58,162.74. Apart from this, the 50-share Nifty also saw a tremendous rise and it opened with a strong rise of 308 points at the level of 17,322.30.
Earlier, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that India’s economy is growing rapidly even in difficult times.
The early bullishness of the market continues, at around 9.20 am, it reached the level of 58,276.15 points with a gain of more than 1000 points. During this, all 30 stocks of Sensex were seen trading with green marks. Most of the Infosys shares saw a rise of 4 percent. At the same time, the lowest half percent gain was seen in SunForma. The top gainers of Nifty were INFOSYS, ICICI Bank, SBI LIFE, HCL TECH and SBI.
On the other hand, the US market rose on Thursday due to good signals from the global market. Dow Jones closed at 30,039 with a gain of 827 points. Nasdaq rose 232 points to reach the level of 10649. The S&P 500 also gained 2.6%. SGX Nifty is above 17200 with the strength of 250 points. In the US, the inflation rate rose 0.4 percent to 8.2 percent in September compared to August.
Earlier on Thursday, the stock market continued to fall under selling pressure and both the major indices closed with a fall. At the end of the trading session, the 30-share Sensex closed at 57,235.33 points, down 390.58 points. Similarly, the Nifty of the National Stock Exchange lost 109.25 points to closed at 17,014.35. Wipro was the biggest loser of 7.03 percent in Sensex shares.