Stock market started new fiscal year on a high

BusinessStock market started new fiscal year on a high

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Stock market started new fiscal year on a high

The domestic stock market has witnessed a good boom amid positive global cues. The Nifty has gone beyond 14850 in business. While the Sensex also managed to close beyond 50 thousand. There is a rise in the 10-year bond yield in the US, but the government has revealed an infra plan of 2 trillion dollars. After which the sentiments have improved. Currently, the Sensex has gained about 521 points at the end of trading and has closed at the level of 50,029.83.

At the same time, the Nifty has also gained 177 points and closed at 14867 level beyond 14850. There have been good purchases in bank, auto, metal and financial stocks. There has been pressure on FMCG shares. IndusInd Bank and Kotak Bank have been the fastest. On the other hand, HUL and Nestle India are the top losers of today. Talking about global signals, there was a mixed trend in major US markets on Wednesday. Today there has been shopping in Asian markets.

Today, there has been a good purchase in largecap stocks. 24 stocks of Sensex 30 have closed in the green mark, only 6 have been weak. Top gainers include IndusInd Bank, Kotak Bank, Axis Bank, Sun Pharma, Bajaj Finance, ICICI Bank, UltraTech Cement and Bajaj Auto. Nestle India, HUL, HDFC

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