Share Market Today News: Sensex Crosses 57 Thousand For The First Time, Nifty Closes Above 17 Thousand – The Indian stock market today opened at a record high on Tuesday morning. BSE Sensex today opened with a jump of 106 points at 56,995.15. Around 3.22 pm, the Sensex rose 736 points to reach 57,625.26, which is its record level so far.
Share Market Today News: Sensex Crosses 57 Thousand For The First Time, Nifty Closes Above 17 Thousand
Nifty has also crossed the figure of 17 thousand for the first time today. The stock of AU Small Bank has fallen heavily today. At the end of trading, the Sensex closed at 57,552.39 with a gain of 662.63 points.
Nifty close to 17 Thousand
Similarly, the Nifty of the National Stock Exchange (NSE) opened with a gain of 16 points at 16,947.50. Around 3.15 pm, Nifty reached 17,153.50 with a jump of 222 points. At the end of trading, Nifty closed at 17,132.20 with a jump of 201.15 points. IT index rose 1 percent. FMCG and pharma stocks are also seeing a rise.
All sectoral indices closed in the green. IT, Power, Healthcare, Metal, Oil and Gas indices rose 1-1 per cent each. BSE Midcap and Smallcap gained half-and-half per cent.
Huge fall in AU Small Finance Bank
The stock of AU Small Finance Bank has fallen heavily today. Today its share fell by about 18 percent and went up to Rs 1055. On Monday it closed at Rs 1294. At the end of trading, the stock closed at 1130.75, down about 13 percent.
Why is the market booming?
The stock market sentiment has improved due to good signs from the US market, reduction in corona cases and accelerating vaccination program in the country, signs of improvement in auto sales figures in August, expectation of record growth in GDP, etc. Today evening the government will release the GDP figures. SBI’s Ecowrap Research report has estimated that the country’s GDP may grow at the rate of 18.5 percent in the first quarter of the current financial year. At the same time, RBI has estimated GDP growth of 21.4 percent for the April-June 2021 quarter.
Record was made yesterday
Indian stock market was buzzing on the first day of the week i.e. Monday. BSE Sensex and NSE Nifty set a new record high. The BSE Sensex opened with a gain of 205 points at 56,329.2 and around 3.18 pm, the Sensex rose 834 points to reach 56,958.27. At the end of trading, the Sensex closed at 56,889.76 with a jump of 765.04 points.
Similarly, the Nifty of the National Stock Exchange (NSE) opened with a gain of 70 points at 16,775.85 and reached a record high of 16,951.50 with a jump of 245 points around 3.18 pm. At the end of trading, Nifty closed at 16,931.05 with a gain of 225.85 points.