Bullish Start: Today, the Indian stock market witnessed a bullish trend at the beginning of the trading session. During the initial trading hours, most of the shares in the Sensex surged, while some experienced a slight decline.
The Sensex soared by 100 points during the early trading session, pushing it to commence the day’s business at 74,600. Similarly, Nifty also started with a gain of 50 points, initiating its trading at the 22,650 mark.
Market Speculations
Earlier, there were speculations of a downturn in the market on Thursday. However, after witnessing a bullish trend at the opening, the market once again changed its direction towards a decline.
It was anticipated from the Gift Nifty that there could be a surge in the share market on Thursday.
Petrol Diesel Prices
Alongside the market trends, there have been updates on petrol and diesel prices, with fluctuations noted in various districts of Madhya Pradesh, including Balaghat and Tikamgarh. The prices have witnessed an increase in some areas while remaining stable or experiencing a decrease in others.
Federal Reserve’s Unchanged Rates
Today, the stock market may witness fluctuations in trading activities. The primary reason behind this could be the decision of the Federal Reserve in the United States to maintain interest rates at previous levels due to concerns about inflation.
Moreover, the inclusion of record-high GST revenues has contributed to the bullish sentiment in the market today.
Market Outlook for Tomorrow
Tomorrow’s market scenario is uncertain. As Wednesday was a holiday in observance of Maharashtra Day, there was no trading on both the National Stock Exchange and the Bombay Stock Exchange. However, following the holiday, the market witnessed a slight downturn in early trading today. It is anticipated that the market may stabilize during the day’s trading hours.