The domestic stock market continues to boom. The local stock market closed at new highs on Wednesday. Both its indices Sensex and Nifty touched new highs. The Bombay Stock Exchange’s benchmark Sensex jumped 357.59 points to close at 69,653.73. Similarly, the Nifty of the National Stock Exchange closed at a fresh high of 20,937.70 with an increase of 82.6 points. BSE mid-cap and small-cap indices closed marginally higher. According to news, equity benchmarks Sensex and Nifty 50 extended their gains for the third consecutive session on Wednesday. Market sentiment picked up on expectations of political stability and a strong growth outlook after general elections in 2024.
Today’s Top Gainer Top Loser
Wipro, LTI Mindtree, ITC, L&T and ITC Nifty were the top gainers in the stock market trading session ended on Wednesday. Similarly, Adani Enterprises, Eicher Motors, Cepla, NTPC and Ultra Tech Cement were the top losers on the Nifty.
Weakness was seen in these stocks.
According to the Money Control news, pressure was seen in the Bank Nifty during today’s trading in the stock market. Apart from this, decline was seen in pharma, realty stocks. The bank and healthcare index closed down about half a percent and the realty index closed down 0.3 percent.
They also strengthened the market
Factors that supported domestic stock markets on Wednesday included strong second-quarter GDP data in India, low inflationary pressures, steady interest rates, lower US bond yields and expected political upheaval after the upcoming general election. Stability strengthened market sentiment. Experts believe that the ongoing boom in the stock market is likely to continue in the coming days.
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