Suspense Crime Sach Ka Dam
Share Market 12 September 2024: Indian benchmark equity indices Sensex and Nifty rose more than 1.5% to new record highs on Thursday. The Indian stock market also strengthened due to the rise in global stock markets. After the release of US inflation data, expectations of increasing foreign investment in the Indian equity market increased. At the same time, the inflation data strengthened the possibility of 25 basis points (0.25 percent) cut in interest rates by the Federal Reserve. The BSE Sensex rose 1,524 points or 1.87% to 83,048.06, while the Nifty 50 rose 423 points or 1.7% to 25,341.65 by 3 pm. The benchmark surpassed its previous high of 25,333.7.
Profit of Rs 6.6 lakh crore
Meanwhile, the market capitalization of all BSE-listed companies rose by Rs 6.6 lakh crore to Rs 467.36 lakh crore. This has increased the probability of a rate cut on September 18 from 66% to 85%, according to CME Fedwatch, ET reported.
Today, Nifty Bank, Auto, Financial Services, Healthcare, and Oil & Gas sectors all gained more than 1%.
These shares made a profit.
Bharti Airtel, Reliance Industries, HDFC Bank, and Infosys together added nearly 500 points to the Sensex rally. L&T, M&M, NTPC, ICICI Bank, and SBI also contributed significantly to the index’s gain.
Bharti Airtel stock on Thursday rallied nearly 5% to hit its 52-week high of Rs 1,650.75 on the NSE. The stock contributed to the BSE Sensex hitting its all-time high of 82,774.9.
Disclaimer: Here mainly information about the stock market is given, not investment advice. There is risk in the equity market, so invest at your own risk. Do take expert advice before investing.
