Sensex rises by more than 200 points: Trading at 84,900, Nifty also up by 80 points; Growth in banking and IT shares

There is a rise in the stock market today i.e. on 29th October. Sensex is trading at 84,900 level after rising 200 points. At the same time, Nifty is also up by about 80 points. It is trading at the level of 26,000.

Out of 30 Sensex stocks, 25 are rising and 5 are declining. More growth is being seen in banking and IT shares. There is a decline in auto shares.

Asian markets boom

• In Asian markets, Japan’s Nikkei is trading up 1,030 points (2%) at 51,249 and Korea’s Kospi is trading up 50 points at 4,060.
• Hong Kong’s Hang Seng index is trading at 26,346, falling 87 points (0.35%). Whereas China’s Shanghai Composite is trading at 4,002 with a slight increase of 14 points.
• On October 28, America’s Dow Jones closed at 47,706, rising 161 points. The Nasdaq Composite rose 190 points to 23,827 and the S&P 500 closed flat at 6,890.

The market was down yesterday

Before this, there was a decline in the stock market on the second trading day of the week i.e. 28th October. Sensex fell 151 points to close at 84,628. Nifty also fell by 30 points and closed at 25,936.

Of the 30 Sensex stocks, 21 declined and 9 declined. There was selling in IT, realty and FMCG. At the same time, there has been a rise in metal and banking shares.