Stock market closed with a sharp boom, Sensex rises 410 points, Nifty also closed at 24,715
Despite the shadow of American tariffs, the domestic stock market on Wednesday closed up rapidly at the end of business. On September 3, the Bombay Stock Exchange (BSE) Sensex closed up 409.83 points to close at 80,567.71. At the same time, the National Stock Exchange (NSE) Nifty closed up 135.45 points to close at 24,715.05. A total of 2,415 shares in the market increased in the day -long trading, while 1,333 shares declined. At the same time, the prices of 116 shares closed without any change. There was a trend of shopping in the market.
Tata Steel is the highest
Tata Steel recorded the highest lead of 5.90% among the Sensex shares. Apart from this, Titan, Mahindra & Mahindra, ITC, State Bank of India, Trent and Ematial were also among the major beneficial shares. At the same time, shares like Infosys, NTPC, Hindustan Unilever, TCS, Adani Ports and Bharti Airtel saw a decline.
Market in the opinion of experts
Vinod Nair, head of research of Geojit Financial Services, said that in the near future, the direction of the market will largely depend on the results of the GST Council meeting, especially in consumption -based areas.
A two -day GST Council meeting is going on in Delhi, in which proposals to limit tax slabs to 5% and 18% are being discussed. This possible change is expected to raise consumption -based areas, creating a positive atmosphere in the market.
Rupee strengthened 9 paise against dollar
On Wednesday, the rupee closed at 88.06 (provisional) against the US dollar due to strength in domestic stock markets, softening of crude oil prices and weak US dollar index. Earlier, the rupee had reached its all -time low level, but by the end of the day it saw partial improvement. According to Forex Traders, the rupee still remains around its record lower levels due to the ongoing tension and foreign capital withdrawal between India and the US. The rupee opened at 88.15 in the interbank foreign exchange market. In day trading it reached a low of 88.19 and high in 87.98.
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