On December 6, the stock market continued its winning streak and gave traders confidence.
The stock market traded optimistically
Investors are hopeful that the US Federal Reserve will start cutting interest rates in the coming year following the recent election victory of the ruling party.
Since the country’s second quarter GDP has come to 7.60 percent; With inflation also close to the target set by RBI, the repo rate will not be hiked in the upcoming Monetary Policy Committee meeting. Traders are hopeful that the rate will remain at the current level of 6.50 per cent
On November 5, foreign institutional investors have bought and accumulated our country’s shares to the tune of 5,223 crore rupees. The development work being carried out by the government will continue; The results of the five state elections are seen as a proof that there is no compromise. So, foreign institutional investors have come back
Banks have written off Rs 10.57 lakh crore in the last five years. Among them, the information that 5.52 lakh crore rupees of loans of large companies have been written off has been welcomed by traders.
During the same five-year period, public sector banks have also collected weekly loans of Rs 7.15 lakh crore.
Reports that officials on both sides are speeding up talks on an India-UK free trade agreement before the next parliamentary elections have also been welcomed.
At the end of trading hours, all sector indices were profitable. In particular, capital goods, consumer goods, information technology, oil, gas, and electricity stocks have returned 1 to 2 percent.
