Why Share Market Up Today : The reduction in interest rate by the US Central Bank Federal Reserve has had a positive effect on the Indian stock market. Today, on Thursday, the Indian stock market opened with a gain and a good rise was seen in the initial business. On Wednesday night, the US Fed cut the interest rate for the first time in 4 years. The Fed has made a big cut of 0.50 percent in the interest rate. The Fed is expected to cut rates in the future as well. A reduction in Fed rates makes loans cheaper. This will lead to good investment in emerging markets like India.
Sensex jumped 600 points
The Bombay Stock Exchange's sensitive index Sensex opened today at 83,359.17 with a gain of 411 points. In the initial business, it was seen trading at 83,546 with a gain of 0.74 percent i.e. 605 points. In the initial business, all 30 stocks of Sensex were seen trading in the green. At the same time, the National Stock Exchange's index Nifty was seen trading at 25,551 with a gain of 0.69 percent i.e. 173 points in the initial business. In the initial business, out of 50 stocks of Nifty, 48 stocks were seen trading in the green and 2 stocks in the red.
Condition of Nifty shares
nifty-50
IT and realty stocks surge
In early trade, IT and realty stocks have seen the highest gains. Talking about sectoral indices, Nifty IT saw the highest gain of 1.32 percent. After this, Nifty Realty gained 1.21 percent, Nifty Midsmall Healthcare gained 0.30 percent, Nifty Oil & Gas gained 0.05 percent, Nifty Consumer Durables gained 0.69 percent, Nifty Healthcare Index gained 0.40 percent, Nifty Private Bank gained 0.90 percent, Nifty PSU Bank gained 0.84 percent, Nifty Pharma gained 0.53 percent, Nifty Metal gained 0.41 percent, Nifty Media gained 0.08 percent, Nifty FMCG gained 0.51 percent, Nifty Financial Services gained 0.89 percent, Nifty Auto gained 0.66 percent and Nifty Bank gained 0.89 percent.
Image Credit: India-Tv.