The stock market trend continues to be bullish. Indian equity markets ended on a positive note due to the previous day’s budget announcements and global market conditions.
The national stock market index Nifty hit an all-time high yesterday. It rose as much as 429 points between trades and touched a new high of 22126 points.
It is noteworthy that the Mumbai stock market index ‘Sensex’ rose by 1,100 points. The trade ended on a bullish note, although it fell from the highs at the end.
The total market capitalization of companies listed on the Mumbai Stock Exchange increased to Rs 382.78 lakh crore yesterday. Out of a total of 30 companies in the Sensex sector, 21 stocks were in the green.
The presentation of the Interim Budget did not have any adverse effect on the market. On the positive side, the pre-election bullish trend of the market continues.
Traders were happy that auto sales also gave good news last January
Fiscal deficit target lowered. The financial sector took a toll on corporate stocks. BSE, banking index saw decline. It fell by almost 270 points.
Traders are expecting no change in interest rates at the RBI’s Monetary Policy Committee meeting
In yesterday’s trade, investors in the Mumbai Stock Exchange increased their profit to the tune of Rs 3.36 lakh crore. 2,036 companies in this market turned profitable; 1,811 shares lost. There was no change in the share price of 96 companies.
Oil & Gas, Metals and Information Technology were the top gainers.
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