There is a boom in the stock market on the last day of the financial year. The Sensex ran up to 750 points. Investors got a profit of Rs 3.29 lakh crore in just half an hour.
March 31 is not only the last of the week but also the last business day of the financial year 2022-23. Which is looking very good for the stock market investors. Sensex ran up to 750 points within half an hour of market opening and investors got profit of Rs 3.29 lakh crore. Although many reasons are being considered for this boom, but the biggest reason is a decision of Reliance, due to which the stock market is in fun and that is the demerger of financial services. On the other hand, the global banking crisis is now seen to be lying soft. Due to the market discount, foreign investors have also made purchases. Let us tell you in detail about those five reasons due to which there has been a boom in the market.
global market boom
The crisis in the banking sector has reduced worldwide. Because of which there is a boom in foreign markets. Especially the tech stock is seeing a boom. Dow Jones has seen a gain of 0.40 percent and S&P has gained 0.60 percent. Nasdaq closed with a gain of 0.70 percent. On the other hand, there has also been an increase in banking stocks. Japan’s markets are seeing a rise of 1 percent. At the same time, the markets of Hong Kong are seeing an increase of 1.5 percent.
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purchase by foreign investors
Good buying has been seen from foreign investors on Wednesday. According to the data, FII invested Rs 1245 crore and DII invested Rs 823 crore. According to experts, the stock market is getting very economical at present. Because of which foreign investors are investing in Nifty and Sensex.
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Reliance shares rise
Another major reason for the rise in the stock market is the rise in the shares of Reliance Industries. Today the company’s stock is seeing a rise of three and a half percent and is trading at Rs 2314.05. Reliance shares have come because Mukesh Ambani has called a meeting of shareholders on May 2, in which Jio Financial Services will be announced from Reliance. Jio Financial Services is planning consumer and merchant lending business.
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rupee improves against dollar
On the other hand, a lot of improvement is being seen in the rupee against the dollar. Due to foreign fund inflow and fall in the price of crude oil, the rupee is trading at 82.10 with a gain of 24 paise. Apart from this, the dollar index has also seen a decline and is trading at the level of 102.
Source: www.tv9hindi.com
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