Stock Market Update

Stock Market Update: Sensex rises by 1300 points, Nifty cross 8600 level


New Delhi: The coronavirus is a serious situation for the Indian stock market, but the stock market has been seeing a boom for two days with the news and expectation of the government’s continuous steps. Today the stock market has started with good momentum and the Sensex-Nifty continues to grow. The Nifty started above the 8400 levels and the Sensex opened above the 29000 levels to give some relief to the investors.


Market condition at ten o’clock
The business has started for an hour and the Nifty was trading at 8676 with an increase of 358.60 points i.e. 4.31 percent at 10.15 minutes. Apart from this, the Sensex is currently trading at 29,832.14 with a gain of 4.5 percent after a jump of 1296 points.

How open market
At the start of today’s trading, the 30-share BSE Sensex opened with a gain of 450 points and was trading 0.49 percent up at 28,674.78 after a slight gain of 139 points in the first 5 minutes. With this, the 50-share Nifty of the NSE is trading at 8361.45 with a gain of 43.60 points, or 0.52 percent.

A market condition in pre-open today
Today, the market saw a boom in the pre-open trading session and the Sensex was seeing a jump of 830 points and the Nifty was trading with a gain of 100 points.

How was the market closed yesterday
Yesterday the Sensex had closed at 28535 after a jump of 1861 points and the Nifty closed at 8317 after gaining 516 points.

Trading in Asian markets today
Asian markets are also trading with weakness and Japan’s Nikkei was trading down 3.80 percent or 743 points this morning. Apart from this, other Asian markets are also seen doing business with sluggishness.

US markets rise yesterday
After the news of the consent of the relief package, there was a boom in the US markets yesterday and the Dow Jones saw a rise of about 500 points yesterday. Apart from this, the announcement of the Fed two days ago also supported the US markets and in the last two days, the US market has seen an increase of about 1300 points.

Flat business today in rupees
Today, the rupee started with a gain of only 1 paise. The Indian rupee opened at 75.87 against the US dollar while the rupee closed at 75.88 on Tuesday. On Wednesday, the currency market was closed on the occasion of Gudi Padwa festival.

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