Stock Market Update: The Indian stock market has caught the pace of rapid growth this week. So far, after making gains in two trading sessions, it is still seen in a positive mood.
If investors expressed confidence in the market, then today the Sensex will cross the level of 55 thousand again after about two months.
The Sensex closed at 54,768 with a gain of 246 points in the previous session, while the Nifty gained 62 points to reach 16,340.
Experts say that with the support of the global market, the market will remain bullish even today and if investors’ buying is better then the market can reach the top of two months. IT stocks had made losses in the last session, but today it is also expected to rise.
America’s IT companies and banks have made strong gains in the stock market due to better quarterly results. Despite pressure from inflation and rising interest rates, investors expressed confidence in the market. This was the reason that in the last session, there was a strong gain of 3.11 percent on NASDAQ, which is included in the major stock markets of America.
On the lines of America, European markets also saw a rise in the last trading session and all major stock exchanges closed on a big gain. Germany’s stock exchange, which is included in Europe’s major markets, closed with a gain of 2.69 percent in the last session, while the French stock market gained 1.79 percent.
London’s stock exchange also closed with a gain of 1.01 percent.
Most of the markets in Asia
opened with an increase this morning and are trading on the green mark. The Singapore Stock Exchange is trading at a gain of 0.84 per cent, while Japan’s Nikkei has gained 2.16 per cent. Taiwan’s stock market is up 1.16 percent, while South Korea’s Kospi is trading at a jump of 1.08 percent.
China’s Shanghai Composite is still on a weakness of 0.01 percent.
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