The stock market made a strong comeback on Thursday after several days. The local stock market opened with enthusiasm today. The Bombay Stock Exchange (BSE) benchmark Sensex jumped 550 points around 9.33 am and was seen trading at 64142. Similarly, the Nifty of the National Stock Exchange was also seen trading at 19159, a sharp gain of around 170 points. Earlier, at 9.15 am, Sensex opened the market with a jump of 438 points to 64029 level and Nifty also opened with a jump of 134 points to 19123 level. Hindalco Industries, LTIMindtree, Hero MotoCorp and IndusInd Bank were the top gainers in the Nifty at the opening, while Tata Steel and Tech Mahindra were losers.
Stock condition when the market opened today.
The opening was accompanied by an increase in pre-opening.
The domestic stock market also started the early session today (9 am) on a strong note. The BSE Sensex was seen trading up 468 points at 64059. Similarly, NSE Nifty also opened with gains. As the stock market opened today, most indices were trading in the green with banks, realty and IT stocks gaining 1 percent each.
The Federal Reserve did not increase interest.
According to Money Control, the Federal Reserve has again left interest rates unchanged. This is the second time in a row. The US central bank has indicated a similar decision for December. There is excitement in the global market due to no rate hike. Its effect is also seen on the country’s stock market.
The last session closed with a decline.
The local stock market closed lower in the previous session, on Wednesday. The BSE Sensex was down 283.60 points, or 0.44 percent, at 63,591.33 and the Nifty50 was down 90.45 points, or 0.47 percent, at 18,989.15. A bearish trend was observed in the market for the last several sessions.
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