The process of growth in the domestic stock market continues on Thursday. The BSE Sensex was traded at 82,032.32 with a gain of 174.48 points. At the same time, the Nifty also strengthened 44.25 points and it reached 25,094.80. Initial trends recorded a total of 1,542 shares in the market, while 653 shares saw a decline. There was no change in the prices of 146 shares. The shares that performed the best in the Nifty today include Bajaj Finserv, SBI Life Insurance, Reliance Industries, Tata Motors and Kotak Mahindra Bank. On the other hand, Tata Consumer, Bajaj Finance, Maruti Suzuki, Hero MotoCorp and Cipla were prominent among the shares that were recorded.
Stir in these stocks
On Thursday, the stock market made a positive start, where major blue-chip companies such as Reliance Industries and ICICI Bank saw strong purchases. Bajaj Finserv, Reliance Industries, Trent, ICICI Bank, Tata Motors and Bharat Electronics were prominent among the companies involved in the Sensex. At the same time, the decline shares included the Eternal, Hindustan Unilever, Infosys and Tech Mahindra.
What do experts say?
Market analysts say that the notion of investors has been strengthened by the proposed GST reform and recent improvement in the country’s credit rating. The main investment strategist of Jiojit Investments Limited V.K. Vijaykumar said that there is a trend of steady boom in the Indian market, while there is pressure of decline in the US. The possibility of inflation in the US has affected the market there, while adventure reforms and continuous investment in India have strengthened the market.
Rupee opened 14 paise to open
The rupee rose 14 paise to 86.93 against the US dollar on Thursday due to an increase in positive trends and risk-based perception in domestic stock markets. According to PTI news, foreign exchange traders said that the rupee is trading with a positive attitude due to an increase in the ability to risk in global markets amidst expectations of peace between Russia and Ukraine. In the Interbank Forex Exchange Market, the rupee opened at 87.04 and then touched an early high level of 86.93, showing a lead of 14 paise in the previous closed price.
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