Domestic stock markets opened in green numbers yesterday. From the word go, both the indices-the Sensex and the Nifty-scaled new heights.
So far, the Bombay Stock Exchange’s (BSE) Sensex has risen 633 points to 83,581. The National Stock Exchange’s (NSE) Nifty has risen 181 points to trade at 25,559.
Stocks that keep doing well are NTPC, Axis Bank, Titan, HDFC Bank, Tata Consultancy Services, Tata Motors, Kotak Bank, and Bharti Airtel. They are going very well with a huge positive movement, and the result is pretty robust investor confidence and market optimism.
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However, there are a few stocks that are doing very badly. Those are Bajaj Finserv, Larsen & Toubro, or L&T, and Adani Ports, which is trading in red, weakening performance.
In currency news, however, the Indian rupee seems to appreciate by 7 paise against the US dollar. Thus far, in international markets, the rupee is valued at ₹83.69 per US dollar on September 19, 2024. Such appreciation might be a sign of bright economic conditions or confidence of an investor in the economy of India.
Overall, the strong opening of the stock market and rupee appreciation augur well for a positive economic sentiment in the country. However, individual stocks fluctuate, revealing the differential ability to perform under such market circumstances. Investors will likely be keenly interested as they continue to travel the financial terrain.
