The Bank Nifty advanced on October 11 after the stock market maintained steady gains throughout the day on the back of positive global cues to give confidence to investors.
stock market today news
When everything is going well, the news that comes out is always going to be good. As such, interest rate hikes in the US are unlikely; Crude oil prices are limited; US bond yields have stabilized and the Hamas-Israel conflict will remain contained within the region, positive aspects for our market.
Also, the results for the second quarter will start coming out. Expectations of the first possible IT sector company results to deliver a big surprise have buoyed traders. Our markets, which were green from the morning, ended with a profit in the evening.
It is learned that the Free Trade Agreement between India and Britain will be signed by October 1st. British Prime Minister Rishi Sunak said that relations between the two countries are strengthening, giving confidence to traders
International brokerage firm ‘CLSA’ raised its trading grade for Indian stocks and increased their investment volume here by 20 per cent, another promising piece of news.
The information released by our Finance Ministry shows that the direct tax collection amount collected from April 1 to October 9 has increased by 17.95 percent compared to the same period last year.
India’s focus on infrastructure,
Digitization and overall economic governance, E-born Chief Economist Indermit Gill, has encouraged traders.
By 2050, the Indian economy will have grown to 2,490 lakh crore rupees. Economic Affairs Secretary Adanu Chakraborty said higher consumption levels and exports will be the main reasons for that, and was optimistic.
We are moving very fast in the field of green and clean energy; India’s economy and this energy demand will give a huge boost; Hardeep Singh Puri, head of helium and natural gas sector, said that the demand will increase manifold in the coming year, keeping the market happy, to add to all this, apart from banks, all other sectors posted good gains, including autos, consumer staples, pharmaceuticals, electricity, oil, and real estate, which gained 0.5 – 1.00.