The stock market witnessing boom for seventh consecutive day!
The stock market is witnessing a boom for the seventh consecutive day. After the storm that came a day earlier i.e. on monday, this trend is also being seen on Tuesday. On one hand, while the 30-share Sensex index of the bombay Stock Exchange opened near 78 thousand, on the other hand, the Nifty-50 of the Nifty Exchange also started trading with a gain of about 100.
Nifty is trading at 23,748.70 with a gain of 92.75 points i.e. 0.38 percent. On the other hand, Nifty is trading at 78,300.54 with a gain of 0.41 percent i.e. 309.36 points.
When the stock market started trading, the BSE Sensex opened at 78 thousand 296.28, moving ahead of the level of 77 thousand 984.38 closed a day earlier. Whereas, talking about Nifty, it started trading at 23 thousand 751.50, rising from the level of 23 thousand 658.35 closed a day earlier.
Here, the decline in the domestic stock markets this year has been compensated due to the positive attitude of foreign investors and better valuation. Both the major stock indices Sensex and Nifty maintained a strong rally for the sixth consecutive day on monday after the recent decline.
Experts say that the return of foreign investors after a long sell-off, buying at lower levels, better valuation and the US Federal Reserve's indication of reducing interest rates twice in 2025 have strengthened investor sentiment. The BSE Sensex has jumped 4,155.47 points or 5.62 percent in six days since march 17.
During this period, NSE Nifty has climbed 1,261.15 points or 5.63 percent. Last month, the Sensex fell 4,302.47 points or 5.55 percent, while in january it fell 638.44 points or 0.81 percent. So far in march, the Sensex has climbed 4,786.28 points or 6.53 percent.
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