After the rise in the US market on Thursday, today the Indian stock market has opened with a strong jump. Global indices are looking better for the Indian market today. Buying is being seen in major Asian markets. The recovery was recorded due to the strong rally in the US market on the previous day. Both BSE Sensex and Nifty are trading with strong momentum.
Indian market boom
At 09:15 am, the BSE Sensex rose 1,068.31 points or 1.87 per cent to reach 58,303.64. Nifty is trading at 17,309.30, up 295 points or 1.73 per cent. About 1619 shares rose, 241 shares declined and 74 shares did not change. The BSE Sensex closed in the red on Thursday due to selling pressure.
US market boom
On Thursday, there was a rally in the US market. Dow Jones saw a jump of 827.87 points and closed at the level of 30,038.72. The S&P 500 index gained 2.60 per cent and closed at 3,669.91. At the same time, 2.23 percent increase was recorded in Nasdaq and it closed at the level of 10,649.15.
Asian markets rally
If we look at today’s trading of Asian markets, then SGX Nifty saw a rise of 2 percent. Nikkei has gained 3.5 percent. Hangseng is up 3.11 percent. The Shanghai Composite has also gained 1.58 per cent and the Strait Times has also gained 1.16 per cent.
The market capitalization of companies listed on BSE reached a high of Rs 273.42 lakh crore. HCL Tech was the top gainer in the Sensex with a gain of 3.95 per cent. It was followed by Infosys, Tech Mahindra, ICICI Bank and SBI.
There is a slight uptick in bent crude. Crude is being sold in the international market at $ 95 per barrel. US crude is at $89 a barrel.
IT company Infosys has reported July-September 2022 quarterly profit. The consolidated net profit of the company has increased by 11.10% during this period. In the same quarter last year, where the company’s profit was Rs 5,421 crore. At the same time, now it has increased to Rs 6,021 crore. Due to this, the company has also given a Diwali bonus to its shareholders.
Today the quarterly results of Shree Cement are going to come. Bajaj Auto, Tata Elxsi, Oberoi Realty, Just Dial, GI Engineering Solutions can also release their results today.