The US Central Bank Fed Reserve has given clear indications that interest rates will be cut three times in the coming year. This decision was strongly welcomed in the Indian stock market. There is hope among investors that if there is a cut in interest rates in America then the Reserve Bank will cut interest rates in India too. Due to which the stock market saw a rise of more than 950 points and the Sensex reached a new record level. The special thing is that market investors got a profit of Rs 3.44 lakh crore in one stroke. On the other hand, Nifty is also seeing a rise of about 250 points. At present Nifty has reached near 21200 points. Let us also tell you at what level the stock market is trading at present.
Stock market at record level
Today the stock market has reached a new record level. According to the data, the main index of Bombay Stock Exchange, Sensex, is trading at 70,456.42 points with a rise of 871.82 points. Whereas during the trading session, Sensex saw a rise of 955 points and reached a life time high of 70,540 points. In two weeks, the Sensex has seen a rise of about 3,551.56 points. This means that Sensex has given a return of 5.30 percent to investors in just two weeks. According to experts, Sensex can also cross the level of 72 thousand points in the month of December.
Nifty also close to 21,200 points
On the other hand, the main index of National Stock Exchange, Nifty is also seen at a new level. According to NSE website, Nifty is currently trading at 21,168.75 points with a rise of 242.40 points. During the trading session, Nifty reached a new record level of 21,189.55 points. Nifty has seen a rise of 1,056.4 points in two weeks. According to the data, Nifty has given a return of 5.24 percent to investors so far in December. According to experts, if the market continues to rise like this then Nifty can cross the level of 21,300 points.
which stocks rise and fall
Shares like HCL Tech, LTIM, Bajaj Finance are seeing an increase of more than 3 percent. Shares of Tech Mahindra and Infosys are also seeing a rise of more than 2.5 percent. On the other hand, Power Grid is among the declining shares on the National Stock Exchange. A decline of about two percent is being seen in this stock. BPCL shares are trading with a decline of about one percent. A decline of more than 0.50 percent is being seen in the shares of Cipla Nestle India and HDFCLife.
huge benefits for investors
If we talk about investors, they have earned lakhs of crores of rupees in just a few minutes. The earnings of stock market investors depend on the market cap of BSE. When the stock market was closed a day ago, the market cap of BSE was Rs 3,51,19,231.91 crore. Which reached Rs 3,54,63,665.98 crore by 10 am today. This means that in 45 minutes of trading, there was an increase of Rs 3.44 lakh crore in the market cap of BSE. This is the benefit of investors.