There is a rise in the stock market today, Wednesday, November 11. Sensex has climbed more than 1350 points and crossed the level of 82,450. Nifty is also up by about 400 points, it is trading at the level of 25,400. In today’s business, there is maximum buying in auto, government bank, and private bank shares. All 30 Sensex stocks are rising. Indigo’s shares have risen the most by 4%. Fall in crude oil prices, strengthening rupee against the dollar and return of foreign investors to the Indian market have provided tremendous support to the market sentiment. 3 big reasons for the rise in the stock market 1. Fall in crude oil prices America has said that it will not take military action against Iran, due to which the fear of oil supply from the Middle East being stopped or affected has reduced. After this news, the prices of Brent crude oil have fallen to the lowest level of two months i.e. $ 89.16 per barrel. Its impact: India buys most of its crude oil needs from outside. Due to cheaper oil, the country’s expenditure reduces, which is very good news for both the economy and the profits of companies. 2. Buying by foreign investors Foreign investors bought shares worth ₹7,212 crore in the Indian stock market. Whereas purchases worth ₹35,937 crore have been made in the last 7 trading days. Its effect: When foreign investors invest such a huge amount in the Indian market, the demand for shares in the market increases rapidly and Sensex-Nifty rises. 3. Rupee strengthened by 20 paise against the dollar. Rupee rose by 0.2% i.e. 20 paise with a strong start. It reached the level of 93.72 against the US dollar, whereas earlier it had closed at 93.92. Mixed business in Asian markets. There was a decline in the American market yesterday. Foreign investors bought shares worth ₹ 35,937 crore in 7 days. On November 9, the Sensex had risen by 107 points. On November 9, the Sensex had risen by 107 points and closed at 81,107. Nifty is up 58 points, it reached the level of 25,045. There was maximum buying in government bank and pharma shares in the business. There was selling in IT and metal shares.
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Sensex rises 1350 points to cross 82,450: Nifty rises by 400 points, maximum buying in public sector bank shares
