The Market opened with Great Momentum. Asian Markets were also Bright.
For a very long time, on Tuesday, the Indian stock market saw a good rally in the morning. Today, the Sensex Nifty closed with a gain of 1%. Where the Sensex closed with a gain of 549.62 points, the same Nifty closed with a gain of 175.15. While the Diwali season is going on, shopping is being seen a lot in the markets.
The Quarterly Results of Blue-Chip Companies are Coming in Strong.
In the last 4 days, the capital of investors has seen an increase of 5 lakh crores. Today, the market capitalization of companies trading on the Bombay Stock Exchange has reached Rs. 275 crores. Out of 50 stocks in the Sensex Nifty, 40 stocks closed with strength today.
Looking at Asian Paints’ Quarter 2, the company’s profit has gone above 80%. With the good performance of the company year after year, it manages to handle the market.
Today’s bullish stocks
SBI is up 3.45%.
Adani Port gained 3.02%.
Eicher Motors is up 2.78%.
Nestle is up 2.47%.
Today, due to the above-mentioned shares, the market got strong. There was a big difference in the market due to the good quarterly results of the companies.
Inflation dominates the market nowadays. Due to this, the market has been looking sluggish for the last few days.
A Big Mutual fund company is Investing in Penny Stocks.
Penny stocks are enticing. As seen in the mutual fund company, penny stocks have been performing well for the past few years. I have invested in more than 20 penny stock companies. Due to good return output, penny stocks are tempting DII, but let us tell you that DII, i.e., Domestic Institution Investment, gives you profit with good returns at a given time by keeping your capital with you for some time.
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