Stock Market Update Today: A strong rally is being seen in the stock market on the next day of the budget. Both Sensex and Nifty indices have strengthened in today’s trading. Sensex has gained more than 550 points while Nifty has crossed 21850. Purchasing is visible in every sector of business. The IT index on Nifty has strengthened by more than 1 percent. Bank, Financial, Auto, Metal, Pharma, FMCG and Realty indices have also strengthened. At present, Sensex is up by 556 points and it is trading at the level of 72,200.96. While Nifty has increased by 168 points to the level of 21,865.65. Buying is being seen in heavyweight shares. Today’s top gainers include ICICIBANK, TECHM, HCLTECH, WIPRO, TITAN, TCS, RELIANCE. While included among the top losers.
Global signals are strong
Buying is being seen in major Asian markets in today’s business. Earlier on Thursday, American markets had also closed on the rise. On Thursday, Dow Jones Industrial rose by 370 points and closed at the level of 38,519.84. NASDAQ Composite rose by 198 points and closed at the level of 15,361.64. Whereas the S&P 500 index gained 61 points and closed at the level of 4,906.19.
-
Feb 02, 2024 09:29 IST
FII and DII data
According to NSE’s provisional data, foreign institutional investors (FIIs) were net sellers on February 1, 2024. He sold shares worth Rs 1,879.58 crore on net. Whereas domestic institutional investors (DIIs) bought shares worth Rs 872.49 crore on February 1.
-
Feb 02, 2024 09:27 IST
Crude oil at $81
Crude oil prices have softened due to increase in supply, Brent crude has come down to $ 81 per barrel. WTI crude is also at $ 76.45 per barrel.
-
Feb 02, 2024 09:27 IST
Wait for rate cut may increase
Fed Chairman Jerome Powell has made it clear that he does not have enough data for a rate cut in March, he has to bring inflation below 2%. In such a situation, rate cut does not seem possible after March. You may have to wait for a quarter for this.
-
Feb 02, 2024 09:26 IST
shopping in asian markets
Buying is being seen in major Asian markets in today’s business. Talking about Asia, there is a slight weakness of 0.03 percent in GIFT NIFTY, there is a rise of 0.74 percent in Nikkei 225 and 1.19 percent rise in Strait Times. Hang Seng has gained 0.96 percent while Taiwan Weighted has strengthened by about 0.36 percent. There is a gain of 2.08 percent in Kospi while there is a decline of 0.36 percent in Shanghai Composite.
-
Feb 02, 2024 09:26 IST
Dow Jones closed 370 points higher
On Thursday, American markets closed on the rise. On Thursday, Dow Jones Industrial rose by 370 points and closed at the level of 38,519.84. NASDAQ Composite rose by 198 points and closed at the level of 15,361.64. Whereas the S&P 500 index gained 61 points and closed at the level of 4,906.19.