Stock markets are witnessing a bullish trend ahead of Diwali. Sensex and Nifty closed higher for the second consecutive trading day. For the first time since 5th June 2024, Bank Nifty has gained more than a thousand points in a single day.
The Sensex closed up 363.99 points or 0.45 per cent at 80,369.03 and the Nifty up 0.52 per cent or 127.70 points at 24,466.85. For the first time since 26 September 2024 i.e. after 33 days, the Nifty50 closed with a green candle for two consecutive days.
It means that the boom phase has started. Among the top companies in the Sensex, SBI shares have seen the highest rise. Bank shares closed up more than 5 percent.
Shares of ICICI Bank rose 3 percent. Shares of NTPC, Bajaj Finserv closed with gains of over 2 percent.
Asian markets witnessed mixed business today. Japan's Nikkei 225 was flat, while the Topix rose 0.3 percent. South Korea's Kospi was down 0.4 percent and Kosdaq was down 0.41 percent. Hong Kong's Hang Seng index futures signaled a higher open.
GIFT Nifty was trading around the 24,390 level, a premium of around 40 points from the previous close of Nifty futures. This indicates a positive start for Indian stock market indices.
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