Due to the rise in banking stocks in the market, Nifty IT has managed to cross the lifetime high of 44000. Nifty IT closed at 44049 points with a gain of 0.23 per cent. Nifty IT gained 1.15 per cent, Nifty Energy gained 0.63 per cent, Nifty Consumer Durables gained 0.90 per cent. Nifty Midcap has closed with a gain of 0.60 percent and Nifty Small Cap has gained 0.71 percent. Tech Mahindra closed with a gain of 1.58 per cent, Tata Steel by 1.80 per cent, SBI by 1.34 per cent in Sensex stocks. So Nestle, Bharti Airtel, ICICI Bank declined.
condition of sensex stocks
Rise in investor wealth
Due to the boom in the stock market, there has been a jump in the wealth of investors by more than Rs 1 lakh crore. The market cap of companies listed on BSE has increased by Rs 290 lakh crore to Rs 291.07 lakh crore.
Status of Index
|index name||closure level||high level||low levels||percentage change||change in numbers|
|Nifty Midcap 150||12,342.30||12,374.60||12,300.30||0.59%||71.85|
|Nifty 50 Value 20||9,400.55||9,431.15||9,373.25||0.0054||50.95|
|NIFTY Midcap 100||32,839.05||32,937.15||32,734.80||0.0053||171.75|
|Nifty Midcap 50||9,066.05||9,085.60||9,026.75||0.0078||69.75|
|Nifty Next 50||43,899.35||44,038.85||43,808.45||0.0038||165|
|NIFTY Smallcap 100||10,127.60||10,165.85||10,081.80||0.006||60.15|
|Nifty Small Cap 250||9,844.45||9,875.90||9,804.10||0.0057||55.75|
|nifty smallcap 50||4,496.75||4,513.95||4,482.35||0.0044||19.5|
Why was there a boom in the market?
According to the inflation rate figures for the month of November in the US on Tuesday, the inflation rate in the month of November has increased at the lowest rate of 7.1 per cent in 12 months. Today the US Federal Reserve may announce an increase in interest rates. But after the latest inflation data, experts believe that there may be a break in the process of increasing the interest rates. Due to this, there was a great boom in the shares of the IT sector in India.