Share Market Today: After becoming India’s fourth largest economy, the stock market gains enthusiasm, Sensex and Nifty
Share market today: After the news of India becoming the fourth largest economy in the world, on Monday, Sensex and Nifty recorded a boom in early trade. The market caught up at 9.17 am. The Sensex rose 556.98 points to 82,278.06 while the Nifty was trading at 25,013.55 with a gain of 160.40 points. BSE Sensex gained 562.31 points in early trade to 82,283.39 points while NSE Nifty rose 175.7 points to 25,028.85 points.
Shares of these major companies fluctuate: Among the 30 companies included in the Sensex, Mahindra & Mahindra, Tata Motors, Titan, ICICI Bank, Tech Mahindra, NTPC, Power Grid and Bajaj Finserv were the most profitable. Of these, only the share of the Internal declined. BVR Subrahmanyam, Chief Executive Officer of NITI Aayog, has said that India has become the fourth largest economy in the world, leaving behind Japan. The effect of this news is seen in the Indian markets.ALSO READ: Stock market rises after a huge fall of last season, Sensex rises more than 800 points, NIFTY also gains
In Asian and American markets: Among the Asian markets, South Korea’s Cappey and Japan’s Nikki were in 225 benefits while Hong Kong’s Hangseng and Shanghai SSE Composite were in loss. The American markets were closed with a negative attitude on Friday.
Brent Crude at $ 64.99 per barrel and FII on Friday: International standard Brent crude gained 0.32 percent to a price of $ 64.99 per barrel. According to the stock market data, foreign institutional investors (FIIs) were living on Friday and purely sold shares worth Rs 1,794.59 crore.Also Read: Share Bazaar: Sensex 281 and Nifty 97 points up due to inflation reaching the lower level
Rupee gained 40 paise to 85.05 per dollar in early trade: US Currency (US Currency) Weak trend and positive domestic stock markets Rupee (Rupee) On Monday, 40 paise in early trade rose to 85.05 per dollar (Dollar). Forex traders said that the local currency was also strengthened by the flow of foreign capital and the announcement of the Reserve Bank of India (RBI) to give a record dividend to the government for FY 2024-25.Also Read: India’s foreign exchange reserves increased, $ 1.57 billion increased to $ 677.83 billion
The rupee opened at 85.02 per dollar in the Interbank Forex Exchange Market and then strengthened to 84.98 per dollar. After this it came to 85.05 per dollar, which shows a faster increase of 40 paise than the previous closed price. The rupee closed at 85.45 against the US dollar on Friday. Meanwhile, the dollar index, depicting the US dollar position against 6 major currencies, fell 0.34 percent to 98.67.ALSO READ: Rupee strengthened 27 paise against dollar, 1 American dollar price is so much
RBI announced a dividend of Rs 2.69 lakh crore: Significantly, RBI has announced a record of Rs 2.69 lakh crore for the financial year 2024-25, while according to the latest weekly data released by the Reserve Bank of India on Friday, India’s foreign exchange reserves decreased by $ 4.888 billion to $ 685.729 billion in the week ended on 16 May. (Language)
Edited by: Ravindra Gupta
