Thursday, July 18, 2024

Stock Market Closing Bell | Tezi's 'hustle'! Sensex closes up 539 points, investors 5.88 lakh crores richer, boosted by 'these' 4 factors | leader

Leaders Online: The positive impact of the US Federal Reserve's decision to keep the interest rates where they were today, Thursday (21st), was reflected in the Indian stock market. Sensex gained 750 points in today's trading session. While the Nifty 50 index traded at the crucial level of 22 thousand. The Sensex then rose 539 points to close at 72,641. While the Nifty settled at 22,011 with an increase of 172 points. All-round buying was seen in all sectors today. (Stock Market Closing Bell)

All sectoral indices traded in the green. Metals, capital goods, pharma, realty and PSU Bank rose around 2 percent. BSE Midcap closed up 2.3 percent while BSE Smallcap closed up 2 percent.

The Economic TimesMarket capitalization of all listed companies on BSE increased by Rs 5.88 lakh crore to reach Rs 380 lakh crore due to today's market rally, reports .

Federal Reserve Chairman Jerome Powell has kept the possibility of an interest rate cut in June. The US Fed Reserve at its Federal Open Market Committee meeting decided to keep interest rates at 5.25-5.55 percent. This boosted investor sentiment and Indian stock market indices rose around 1 percent during the day.

'This' shares are booming

Sensex traded at 72,500 level today. Shares of NTPC, Power Grid, Tata Steel, IndusInd Bank, Tata Motors, JSW Steel, Wipro, SBI, Tech Mahindra, LT, ITC, Ultratech Cement, Bajaj Finance, HDFC Bank, Bajaj Finserv gained between 1-3 percent. Bharti Airtel, ICICI Bank, Maruti shares fell.

BPCL, NTPC, Power Grid, Tata Steel, Coal India remained the top gainers on Nifty. These shares rose 3 percent each. While Bharti Airtel, HDFC Life shares fell.

Shares of Dmart Company increased

Shares of Avenue Supermarts, which runs the D-Mart retail chain, rose sharply today. Shares rose 4 percent today. Later in the afternoon session, the stock was up 2 percent at Rs 4,157. (Avenue Supermarkets Share Price)

Extensive shopping

All sectors of the domestic market traded positively today. Nifty Metals and Nifty PSU Bank registered the highest gain of 2.5 percent. The broader market also outperformed the benchmark.

IT shares are booming

Domestic benchmark indices Sensex and Nifty also rose on Thursday on the back of gains in IT stocks. Global investor sentiment has been lifted after the US Federal Reserve maintained its forecast of three rate cuts this year. LTTS, Coforge, Persistent Systems, MPHASIS (MPHASIS) Wipro remained the leading stocks on Nifty IT. Nifty IT gained around 1 percent.

A decision by the US Fed

The US Federal Reserve kept interest rates unchanged as expected. Fed Chairman Jerome Powell has maintained the possibility of an interest rate cut in June. The Fed has also signaled three interest rate cuts this year. This decision gave a boost to the global market including India.

Bullish environment in global market

Global stock markets strongly welcomed the Federal Reserve's decision to keep interest rates unchanged. Three major US indices closed at record highs. Asian market indices also rose. Japan's Nikkei rose 2 percent to a new high of 40,800.

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