Stock market today: stock market for third consecutive day; Will this pre -based rally continue tomorrow?
Stock market today: Reliance Industries, HDFC Bank and Bharti Airtel have gained strong support from heavyweight shares, the domestic markets continued to win the third consecutive trading session. In addition, the return of real estate and pharma sectors has also helped to continue profit for markets, while IT shares have seen some profit booking after a healthy rally in recent sessions.
All index in green color ..
The Nifty closed 0.37 % with a profit of 0.37 % and the senses closed at 0.30 % off 76,759. The Nifty Small Cap 100 index was closed at 16,560 0.12 %, while the Nifty Mid Cap 100 index closed at 54,483, 1.08 %. The Nifty PSE index ended with a session with the benefit of PSU stock top artists. Eighteen shares of the index ended in twenty shares of the index. IRFC received 4.6%. India Electronics and Power Finance increased by 4.3% and 3.7% respectively. Analysts estimate that a continuous rally in the market will depend on the upcoming Union Budget.
Expert analysis
On the performance of today’s stock market, Geojit Financial Services Research Head, Vinod Nair said that despite the ups and downs between profits and disadvantages, the Indian markets ended positively. FII growth is expected to decrease after the growth of American inventions and the rigorous decisions of the US Fed. “If the growth and consumption of the upcoming budget is restored, the current recession is likely to reversed. Investors are focusing on stacks, operational matrix and valuation.
US Fed
After three consecutive cuts from September 2024, the US Fed stopped the rate of rate in its January meeting. US Fed Chairman Jerome Powell suggested that progress was made to control inflation at a post -Press conference. This indicates that future rates may be likely to have more chances.
Reference: it is The opinion and recommendations of the article are individual analysts. These are HT Telugu Do not represent opinion. We recommend investors to contact certified professionals before making any investment decisions.