Stock Market News: A tremendous rise is being seen in the Indian stock market on Thursday. Expectations of a possible repo rate cut by the US Fed have strengthened market sentiment. The 30-share Sensex on BSE reached a new record level of 86,026.18 with a jump of 416.67 points in early trade. Earlier on September 27, 2024, it had reached the level of 85,978.25 points.

Market at 14 month high

NSE Nifty also reached an all-time high of 26,306.95 with a gain of 101.65 points. Earlier, Nifty had touched a record level of 26,277 points on 27 September 2024. Among the 30 Sensex companies, shares of Bajaj Finance, Larsen & Toubro, Bajaj Finserv, Asian Paints, HDFC Bank and Hindustan Unilever registered the highest gains.

At the same time, a decline was seen in the shares of Eternal, UltraTech Cement, Trent and State Bank of India. In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, China’s SSE Composite and Hong Kong’s Hang Seng were in positive trend.

Which shares to bet on?

One of the main reasons for the strength in the domestic market is the government’s approval of a scheme worth Rs 7,280 crore to promote the production of rare earths. Apart from this, Mahindra & Mahindra has launched BE.6 Formula E Edition electric SUV priced at Rs 23.69 lakh. Also, Asian Paints has announced an investment of Rs 340 crore for its second plant in UAE.

Market experts say that in the current environment, investing in stocks like SAIL, L&T Finance, Tata Technology, RVNL, BHEL and IIFL can prove profitable. On the contrary, shares of Nykaa, Bharat Electronics, Eicher Motors, Asian Paints, LIC, SBI Life and PI Industries may perform poorly.

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Stock market update: The first week in the Indian stock market since the last week of September 2024, this is the first week in which the Indian stock market had a great rise. In the five -day trading session, the Indian stock market closed brilliantly on five days. The BSE Sensex has managed to shut down close to 77000 points with a rise of 4 per cent in the last five trading session, while the assets of investors have also seen a strong increase.

This week, the stock market closed up rapidly in the five sessions. Both the major index Sensex-Nifty of the market was boom. But together, the ongoing decline in the mid -cap and small cap stocks got a break and once again investors made heavy purchases in the mid -cap small cap stocks. As a result, due to the rise in the stock market this week, the property of investors has seen a jump of more than Rs 22 lakh crore.

On March 13, when the stock market was closed, the market capitalization of the stocks listed on BSE was Rs 391.18 lakh crore. But after the three -day holiday, the market opened on March 17, then since then it has been a steady rise. And in the five -day trading session, the market capitalization of the stocks listed on BSE has reached Rs 413.30 lakh crore in a five -day trading session.

Let us tell you that in September 2024, when the Indian stock market touched the allotime high, the market capitalization reached the level of Rs 480 lakh crore. Due to the decline in the market and the selling of foreign investors, the marketcap slipped down to Rs 390 lakh crore. Due to this decline, investors have suffered a loss of about 90 lakh crores. But if foreign investors have started turning to Indian markets again, then the property of investors is also increasing.

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