Share Market : The market is currently getting support from the Asian market. After better data of industrial output, Japan’s Nikkei is up about one percent. Crude is at a near one-month high after Omicron’s fears eased. Market continues to rise.
Share Market : Getting support from Asian markets
Share Market Update: The growth of the domestic stock market continued on Tuesday as well. The market retained the momentum of the day before and closed in a gain of more than 0.80 percent. Today all the sectors remained green, which helped the Sensex to reach close to the 58 thousand mark.
Share Market : Crude oil at one month high
After the close of trading on Tuesday, the BSE Sensex closed at 57,897.48 points, up 477.24 points (0.83 per cent). Similarly, NSE Nifty climbed 147 points or 0.86 per cent to close at 17,233.25. A day before this, there was huge volatility in the market on Monday. The Sensex was up 295.93 points (0.52 per cent) at 57,420.24 and the Nifty gained 82.50 points (0.49 per cent) to end at 17,086.25.
Omicron cases are increasing rapidly around the world.
In view of this, many states one after the other have returned to the path of restrictions. Within the last few days, the governments of states like Uttar Pradesh, Madhya Pradesh and Delhi have decided to impose night curfew again. In many countries, the cases of Omicron have exceeded that of the Delta variant. However, now investors have absorbed its pressure.
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Today all the sectors remained in the lead.
Looking at the sectoral indices of BSE, sectors like Basic Materials, CDGS, Energy, Industrials, IT, Telecom, Utilities, Auto, Capital Goods and Consumer Durables gained one to 1.5 per cent. In the Sensex companies, except for only two PowerGrid and IndusInd Bank, the shares of all the others strengthened.
The market is currently getting support from the Asian market as well.
Japan’s Nikkei was up 1.3 per cent after better data on industrial output. This is Nikki’s high for over a month. Crude is also at a near one-month high after Omicron’s fears subsided. European markets have also made a solid start to Tuesday’s trading.
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