On many products decrease of the GST…the stock market has increased…First time Sensex crosses 36800
On Tuesday, the stock market touched a new peak After the number of products in GST’s 28 percent slab, the Sensex and Nifty open at its highest level so far. At the same time, there was a weakness of 10 paise in the rupee.
Sensex and Nifty gain in early trading Nifty is visible around 11115 and the Sensex is around 36835. The Sensex crossed the level of 36,800 for the first time, while the Nifty opened above 11100. Due to the rally in the market, the Sensex made the all-time high of 36869.34.
Sensex broke a new record level of 36749.69 on Monday. Which broke today, reached the new record high of 36869.34. Smallcap and mid-cap stocks are also seeing good growth along with giant stocks. BSE’s Smallcap Index has increased by 0.24% to 15905. BSE’s Mid-cap Index is trading at 0.15 percent higher.
This is the reason
On Saturday, the GST Council had finished 28 percent slab of 100 products. Due to this, shares of many companies that created electronically, footwear, sanitary napkins were seen in big bounce on Monday. Since then these stocks have remained bullish so that this record is going on.
shares of Maruti, Tata Motors, Adani Ports, Tata Steel, L & T, HUL, Sun Pharma, Kotak Bank, Infosys, SBI, ITC, HDFC Bank, TCS, HDFC and ONGC from 0.13 to 1.19% Increased. Even mid-caps and smallcap stocks are showing good growth. BSE’s Smallcap Index has increased by 0.80%, while the Nifty Midcap 100 Index has gained 0.64%.
Weakness in rupees
The rupee is trading at a low of 68.96 with dollar weakness against the dollar. The rupee also got a slight weakness yesterday. The rupee had fallen 2 paise to close at 68.86 against the dollar.