Stock Market Updates: Market recovery, Nifty near 16000, Sensex up 650 points

On Friday, due to positive signals from the global market, the local stock market Strong recovery is being seen. opening trade Sensex and Nifty are showing good gains. Sensex has strengthened over 650 points. While Nifty is trading close to 16,000. Shopping is being seen all over the market. Business is seen at a high […]
 


Stock Market Updates: Market recovery, Nifty near 16000, Sensex up 650 points

On Friday, due to positive signals from the global market, the local stock market Strong recovery is being seen. opening trade Sensex and Nifty are showing good gains. Sensex has strengthened over 650 points. While Nifty is trading close to 16,000. Shopping is being seen all over the market. Business is seen at a high level in all sectors including banking, auto, FMCG, metal IT.

Sensex breaks 6000 points in one month

The Sensex has lost 6,000 points in the last one month due to inflation and geo-political tensions. Due to the continuous weakness in the market, investors got Rs. Over Rs 34 lakh crore have been sunk. The market cap of BSE as on 11 April 2022 was Rs. 275.17 lakh crore, which has now come down to Rs. 241.05 lakh crore. During this period, the BSE Sensex has fallen by 6000 points or 10 per cent. Foreign institutional investors were sellers in the capital market. He paid Rs. 5,255 crore shares were sold.

Rupee opens with strength

Today the rupee has started strengthening. The rupee had opened higher by 8 paise at 77.34 against the dollar in the previous session. The rupee on Thursday fell 25 paise to 77.42 against the dollar in global markets amid fears of a sharp hike in interest rates on higher US inflation data. But it was closed. Earlier, the rupee had strengthened for two days.

The moderation in crude oil prices was largely ignored due to the fall in the domestic equity market, weak economic growth and continuous inflow of foreign capital. Consequently, the rupee touched a record low of 77.63 against the dollar in one-day trade.