new Delhi. The Indian stock market ended its business on Wednesday with a big gain for the second consecutive day. Sensex climbed 1,223 points to reach close to 55 thousand, while Nifty closed above 16,300.
The Sensex and Nifty started showing strength as soon as the market opened this morning. Both the exchanges made gains due to frequent buying by investors. Finally, the Sensex closed at 54,647.33 with a gain of 1,223.34 points. Nifty also closed at 16,345.35 with a gain of 331.90 points. 26 out of 30 Sensex stocks have closed in the green.
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All sectors except metal saw a boom
There was a strong situation in the market that except one sector, all others closed on the green mark. Auto, realty rose up to 2 per cent while metal stocks fell flat. BSE Smallcap and Midcap have also shown a jump of up to 2 percent. Nifty’s bank index closed with a gain of 1 per cent.
The market was on peak in the afternoon
Sensex and Nifty were at their peak at one time. At 2.20 pm, the Sensex was trading at 54,697.89 with a gain of 1273.8 points or 2.38 percent. Nifty was also trading at the level of 16,358.20 with a gain of 344.75 points or 2.15.
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5 big reasons for the boom in the market
In the exit polls of five states assembly elections, positive sentiment of investors due to the return of BJP in three states.
Ukraine’s President Zelensky gave up his insistence on going to NATO, which has increased the possibility of ending tensions with Russia.
The business world is excited about the policy of the Modi government, which is showing opportunities for business and investment.
To deal with inflation, the Reserve Bank can make some announcements in the meeting to be held in April.
Rating agency Icra has said that even in March, GST recovery is going to be bumper, due to which the government’s treasury will be filled.
Tags: Nifty, Sensex, Share market
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