September 25, 2022
Share Market Today: Market picks up pace, Sensex crosses 60400

Share Market Today: Indian benchmark indices BSE Sensex and NSE Nifty 50 moved up more than half a per cent in the opening session on Tuesday. The BSE Sensex was up 312 points or 0.5 per cent at 60427, while the NSE Nifty 50 climbed 18045.45. For the first time since April, Nifty has recovered 18000.

Reliance Industries, Bajaj Finance, Titan Company, Infosys, Wipro, Tech Mahindra, HDFC Bank were the top gainers in the BSE Sensex. Index heavyweights such as Infosys, HDFC Bank, Bajaj Finserv, Reliance Industries and Bajaj Finance and others contributed the most to the indices’ gains. Bank Nifty index is trading above the level of 40,800, up 0.5 percent.

Experts say that the market rally is mainly driven by the sudden reversal of the FII strategy. Now they have become tireless buyers instead of sellers. Retail investors are supported by a strong economy and the market is rallying. Now, it has become a classic momentum driven market with the potential to take the indices to new record highs soon.

Asian stocks rose today

Talking about other markets, Asian stocks have risen today. Markets have remained stable ahead of US inflation data, which will provide an important guidance for interest rate outlook. The broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, led by a 2 percent jump for South Korea’s Kospi. Japan’s Nikkei closed with a gain of 0.3 per cent. The Wall Street index in the US market posted a fourth straight session of overnight gains.

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