Stock market closed with a sharp rise, Sensex rises 304 points, Nifty also increased strongly
The domestic stock market closed with a boom on Wednesday amid global signals. The BSE Sensex closed at the end of 304.32 points at the end of 80,539.91 on August 13 at the end of the trading. Similarly, the NSE of Nifty also rose 131.95 points to the level of 24,619.35. The Nifty emerged as Apollo Hospitals, Hindalco Industries, Hero MotoCorp, Dr. Reddy’s Labs and Cipla as the major benefits, while IndusInd Bank, Adani Enterprises, Adani Ports, Axis Bank and ITC declined.
The market shows the impact of slowing down retail inflation
According to the news, investors reported that in July, retail inflation was seen in domestic stock markets due to slow up to 8 -year low to 1.55 percent. When the Consumer Price Index (CPI) touched an eight -year low, the Indian stock markets showed widespread enthusiasm, increasing the expectations of improving discretionary expenses led by auto and metals sectors. Globally, the expansion of China’s tariff deadline and reduction in crude oil prices improved the morale of investors.
Vinod Nair, Head of Research of Geette Investments Limited, said that despite the uncertainties of global risks and Trump’s trade policy, India’s development-peculiarity remains favorable for FY26, and there is a risk of marginal downgrade based on tariff updates. India is awaiting a trump-Putin meeting on 15 August.
Rupee strengthened 20 paise
According to PTI, the rupee rose by 20 paise against the US dollar on Wednesday to close at 87.43 (provisional), as the dollar weakness and positive attitude in domestic stock markets encouraged investors. In the Interbank Forex Exchange Market, the rupee opened at 87.63 and continued to fluctuate between a low of 87.72 and high levels of 87.28 against the US currency. The rupee finally closed at 87.43, which is 20 paise more than the previous closed price.
How was the attitude of world markets today
In the Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, Shanghai SSE Composite and Hong Kong’s Heng Seng index increased rapidly. European markets were also in positive colors. The US markets closed up significantly on Tuesday. According to exchange data, the price of global oil benchmark Brent crude fell 0.36 percent to US $ 65.88 per barrel. Foreign institutional investors (FIIs) on Tuesday sold Rs 3,398.80 crore in shares.
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