Mumbai3 days ago
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There has been a rise in the stock market today i.e. on 2nd January. Sensex rose 1436 points and closed at 79,943. There was also a rise of 445 points in Nifty, it closed at the level of 24,188.
Out of 30 Sensex stocks, 29 have seen a rise. Today there was more growth in auto and IT shares. Eicher Motors shares saw a rise of 8.55% and Maruti Suzuki shares saw a rise of 5.61%.
Main reasons for market boom
- After the US Federal Reserve cut interest rates by 25 basis points, analysts believe that the Reserve Bank of India may cut interest rates in the next meeting.
- The Federal Reserve’s reduction in interest rates will increase liquidity in the global market. This is expected to further increase the interest of foreign investors in Indian Indian markets.
Standard Glass Lining Technology will open from January 6 The initial public offer i.e. IPO of Standard Glass Lining Technology Private Limited will open on January 6. Investors will be able to bid for it till January 8. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 13. Read full news
There was a rise in the market yesterday Earlier yesterday i.e. on January 1, a rise was seen in the stock market. The Sensex closed at 78,507 with a gain of 368 points. There was a rise of 98 points in Nifty also, it closed at the level of 23,742.
