Sensex and Nifty at record highs. Stock Market news.




Sensex and Nifty at record highs, the market rose due to these 4 reasons


New Delhi: Major indices of the stock market set a new record of height on Tuesday. The market opened strong in the morning. The strength of foreign stock exchanges also affected the domestic market. Major indices of US stock markets have also reached record highs.

On Tuesday, the BSE Sensex gained 413 points or 1.01 per cent to close at 41,352. At the same time, the Nifty 50 index ended the business at 12,165, registering a gain of 111 points or 0.92 per cent. The midcap index showed a rise of half a per cent and the smallcap index by three-fourth per cent.



There is a boom in the market due to these four reasons:


  1Trade The deal between America and China: There has been a trade deal between America and China. This has put an end to the 17 months-long trade war between the two countries. The world has breathed a sigh of relief from the agreement between the two largest economies.


  2.Investment of $ 2.5 billion in India: India's share has risen by 70 basis points on MSCI's Emerging Markets Index. Morgan Stanley estimates that the increase in this stake would lead to an additional investment of about $ 2.5 billion in India.


  3.Increasing foreign investment: Foreign investors are continuously investing in the Indian market. After getting clarity on issues such as trade deals and breakouts, his stance has improved. He has invested Rs 850 crore in the Indian stock market.


  4.Technical hint: Last week, the Golden Cross was seen forming on the index of emerging markets of MSCI. According to technical signals, the market is responding positively to global developments.
 


On Tuesday, shares of Tata Steel and Bharti Airtel jumped more than 4.5 per cent on the Nifty 50 index. After this, shares of Vedanta, Hindalco, Tata Motors, Bajaj Finance, Infosys, HDFC, JSW Steel and Tata Consultancy Services showed gains of 2 to 4 per cent.

On the other hand, shares of Sun Pharma plunged by one and a half per cent. Besides, shares of GAIL (India), Bajaj Auto, Mahindra & Mahindra, Titan Company, Hindustan Unilever, Axis Bank, Nestle India, Hero MotoCorp and Indian Oil were the biggest losers.


Only Nifty Pharma and Realty index closed with red marks. Shares of Prestige Industries jumped up to 4 per cent on the realty index. The shares of Biocon and Aurobindo Pharma were the biggest losers on the Pharma Index.


The Nifty Metal Index jumped up to 3 percent. The IT index strengthened by two per cent. The media and finance services index rose by one per cent each. Jindal Steel shares rose 7.5 percent on the metal index. All shares rose on the IT index. Network18 shares rose 4 percent on the media index.


Shares of 24 companies hit their 52-week high on the NSE during Tuesday's session. This included shares of Abbott India, CRISIL, DLF, ICICI Bank, Mahanagar Gas, Parabolic Drugs, Safari Industries and Special Infotechnics.



In contrast, shares of 51 companies including Ballarpur Industries, Kembond Chemicals, Kridhan Infra, Nahar Spinning Mills, Newland Labs, Reliance Home Finance, Shriram EPC, Supreme Petrochem, Suzlon Energy, Vimal Oil & Foods and Zuari Global have their 52-week lows Slipped to level.


39 stocks green on the Nifty 50 index, while 11 stocks ended the trade with a red mark. The 30-share Sensex gained 21 stocks and only nine stocks fell. On the BSE, 1,443 shares closed higher and 1064 shares were soft.

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