Sensex up 700 Points: 3 Reasons Why the Stock Market Is Rising Today
- The Sensex rose more than 800 points in early Wednesday trading, while the Nifty moved above 23,100 after Monday’s sharp decline.
- Information technology stocks led the gains, with Infosys, TCS, Wipro, HCLTech and Tech Mahindra advancing in early trade.
- Reliance Industries gained as its subsidiary, Jio Platforms, opened a $3.2 billion IPO.
- Dr V K Vijayakumar warned that high crude oil prices and US bond yields could keep pressure on markets, despite support from earnings and domestic buying.
12 Articles
12 Articles
Why is stock market rising today? Sensex surges 829 points, Nifty rises 1% - Key factors driving Dalal Street explained
The Sensex and Nifty 50 climbed about 1% in early Wednesday trading amid optimism over a possible India-US trade deal. IT stocks led sectoral gains. Investors also watched rising oil prices, US bond yields, the Jio Platforms IPO and earnings.
Sensex Jumps 571 Points, Nifty Rises 167 Points on India-US Trade Deal Optimism
Get latest articles and stories on Business at LatestLY. Indian equity benchmarks Sensex and Nifty opened higher on Wednesday, supported by optimism over a possible India-US trade deal, although elevated crude oil prices and US bond yields are expected to keep markets under pressure. Business News | Sensex Jumps 571 Points, Nifty Rises 167 Points on India-US Trade Deal Optimism.
Stock Market Rally: The stock market got off to a strong start on Wednesday. Both market indices opened in the green zone, and the BSE Sensex jumped nearly 800 points in just a few minutes.
Stock Market Surges, Sensex Jumps 800 Points, Nifty Crosses 23,112; IT and Banking Stocks Are Buying
Share Market Today: The Sensex rose 800 points to 74,650, while the Nifty crossed 23,112. Buying in IT and banking stocks boosted the market. Read what experts say.
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