Stock Markets got the required Budget boost on 02nd February, 2024. Traders have decided to invest in big stocks in various sectors. Even International Stock Markets have contributed to this positive trend. But the selling pressure towards end did effect the overall gains. Hence, BSE gained 440.34 points to close at 72,085.63 and Nifty gained 156.35 points to close at 21,853.80 mark.
BSE Sensex started trading at 71,977.56 mark and then continued to trade between 71,948.77 to 73,089.40 range. Index started higher than the previous closing. It kept trading at the same positive rate and touched 73,000 mark as well. Towards the end, selling pressure took over and BSE ended the trading session at 72,085.63 by gaining 440.34 points.
Nifty Sensex started trading at 21,812.75 mark and it hit highest for the day at 22,126.80. Nifty50 hit the lowest at 21,805.55. Index has started high and continued to trade in green throughout the session. At one time it touched 22,000 mark but due to selling pressure it did face turbulence. Hence, Nifty50 ended by gaining 156.35 points on 21,853.80.
Indian Rupee traded at Rs.82.90 against US Dollar on 02nd February, 2024. Powergrid Corporation, NTPC, Tata Steel, TCS, JSW Steel shares have registered huge gains. Axis Bank, HDFC Bank, Hindustan Unilever, L&T, IndusInd Bank have registered losses. Stock Markets ended with gains but how they will perform from next week needs to be seen.
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