Great rally in stock market, Sensex jumped 672 points to cross 59,800, Nifty also strengthened Stock market, Sensex jumped 672 points to cross 59,800, Nifty also strengthened

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Stock market fell for three days, Sensex rose 300 points, Nifty crossed 17,600 Stock market fell for three days Sensex rose 300 points Nifty crossed 17600


Photo:PTI stock market

stock market On the second trading day of the week, there is a great rally. The Sensex is trading 672.44 points higher at 59,813.67 points in early trade on Tuesday. At the same time, NSE Nifty has gained 187.75 points to reach 17,810 points. 30 out of 30 stocks included in the Sensex are seeing tremendous gains. The biggest jump is being seen in banking stocks. The shares of INDUSINDBK, BAJAJFINSV, BAJFINANCE, AXISBANK, TITAN and ICICIBANK are seeing gains of up to 3 per cent. The Indian market is also getting support from the global market. Before the meeting of the Federal Reserve, the US market fell on the continuing decline for two days. The Dow Jones rose 197 points to 31,020, while the Nasdaq gained 87 points to 11,535. Asian markets including the US are also witnessing a rise. SGX Nifty is trading near 17,750 with a gain of 130 points.

There was a break on the decline of three days

Despite the weakness in the global markets, the decline in the local stock market for the last three trading sessions ended on Monday. BSE Sensex closed higher by over 300 points. Buying in shares of banking, financial and daily use product companies (MMCG) led the market to rise. The 30-point BSE Sensex, recovering from the initial setbacks, climbed 300.44 points, or 0.51 per cent, to end at 59,141.23. Similarly, the Nifty of the National Stock Exchange also closed at 17,622.25 with a gain of 91.40 points, or 0.52 percent.

market volatility

Vinod Nair, Head of Research, Geojit Financial Services, said, “There is a possibility of volatility in the global market ahead of the rate announcement by the US central bank Federal Reserve. At the same time, the latest inflation figures have been above estimates. “There is a possibility of aggressive increase in interest rates and due to this, foreign investors can withdraw money from the Indian markets.” Retail Research by Motilal Oswal Financial Services Head Siddharth Khemka said that the market may trade in a limited range ahead of the September 21 meeting on the policy rates of the US central bank.

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