Indian stock markets hit six consecutive day highs

Indian stock markets hit six consecutive day highs, Indian stock markets rose for the sixth consecutive trading day yesterday, with the Mumbai stock market index Sensex hitting new highs.

What is the status of Indian stock market today

Out of 30 corporate stocks in the Sensex sector, 20 stocks were positive. The total market capitalization of BSE-listed companies hit a fresh high of Rs 346.47 lakh crore yesterday as equities rallied with Nifty gaining 20 shares.

Markets rose yesterday as foreign investors bought more stocks and crude oil prices eased

Markets continued to rally as election results in five states provided additional impetus to traders

Traders were also buoyed by the expectation that the RBI would not announce any major rate hikes in the upcoming Monetary Policy Committee meeting.

India is poised to become the third largest economy and a global manufacturing hub by 2030, according to S&P Global Ratings, which has boosted traders’ spirits.

Foreign investors have switched from selling stocks to buying positions. This reflects the confidence of investment firms in the Indian market, say experts.

Adani Green Energy,

The company said it has received funding of Rs 11,288 crore from the consortium of international banks.
It is also reported that Adani Green Energy will receive Rs 11,288 crore from a consortium of international banks as part of its construction financing structure, increasing the company’s financial strength to $3 billion, i.e. Rs 24,900 crore.