Stock Market Boom Update: Trading in the stock market has started with a slight increase on Wednesday. BSE Sensex is up 18 points at 73075 while Nifty is up 11 points at 22208. In the initial trading of the stock market, Nifty Midcap 100, BSE Small Cap, Nifty Bank index were on the rise while Nifty IT index was working on weakness.
In the early hours of Wednesday, Nifty Pharma, Nifty FMCG and Nifty Financial Services indices were also registering gains. In early trade on Wednesday, shares of Power Grid, HDFC Bank, Axis Bank were trading on weakness while shares of NTPC, Coal India, Bajaj Auto and Eicher Motors were registering gains.
Stock market experts say that on Wednesday, shares of Power Grid, Deepak Nitrate, Aarti Industries, BHEL, HDFC Bank, Axis Bank, NTPC, DLF, HPCL, Apollo Hospital, Indigo, Pidilite Industries, SBI Life, ONGC and Indian Hotel will fall. There will be a decline. A positive trading setup is forming.
On Wednesday, Gift Nifty indicated that the functioning of the stock market (Stock Market Boom Update) may start with a positive trend. Weakness in Asian stock markets was being worked on. Stock market experts say that Dalal Street is continuously moving towards new records. Nifty has made a new high of 22 216 while Sensex has crossed the figure of 73000.
Due to the boom in the stock market, many investors fear that they might miss out on taking advantage of this boom. The spectacular rise in Bank Nifty has boosted the morale of investors. Lok Sabha elections are to be held in India in the year 2024 and with the victory of BJP, the stock market is expected to register a bumper rise. On Wednesday, Gift Nifty was working at the level of 22,256 points with a gain of 22 points. In the pre-open market on Wednesday, BSE Sensex was up by 164 points and was working at the level of 73221, while Nifty was down by 13 points and was working at the level of 22184.