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HomeBuisnessInvestors profit Rs 5 crore, Sensex rises more than 1000 points, 7...

Investors profit Rs 5 crore, Sensex rises more than 1000 points, 7 big reasons for market rally. Pi News

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Pi News –

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A strong rally in the stock market: A strong rally in the domestic stock market today (stock rally) Viewing. Both Sensex and Nifty were strong in today’s trade. Sensex strengthened by over 1,000 points and Nifty crossed 21,700. Today, there are big purchases in the banking sector. Banking: HDFC Bank shares soar (bank shares) And the whole mood of the financial sector has changed. Meanwhile, investors also got silver in today’s rally and the market capitalization of the market increased by around 5 lakh crore. After all, what is the reason for such a strong rise in the market today?

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Investors received a profit of Rs.5 crore

Due to today’s rise in the stock market, investors’ wealth has increased by around Rs 5 crore. At market close on January 25, the market capitalization of BSE listed companies was Rs 3,71,12,123 crore. However, in one day, he received 3,76,19,928 million.

1. HDFC Bank is on the rise again

Today, the largest private sector lender is HDFC Bank (HDFC Bank Share Price) The downward trend has stopped. Today, the bank’s stock rallied around 2 percent intraday to Rs 1,463, having closed at Rs 1,435 on January 25. In fact, the Reserve Bank of India (RBI) has allowed the Life Insurance Corporation of India to buy up to 9.99 percent stake in HDFC Bank. After that, two major brokerages gave the stock a positive rating today. Bank shares weakened 14 percent after the first quarter results.

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2. Bank Nifty is stronger than 600 points

Nifty Bank was supported by rise in HDFC Bank. Today, the index strengthened by 1.5 percent or more than 600 points. Except for AU SFB, all stocks in the index are in green. Shares of HDFC Bank rose 2 percent and SBI rose 2 percent. ICICI Bank saw an increase of 1.5%, Axis Bank 1.5% and IndusInd Bank 1.5%. So Kotak Mahindra Bank and PNB have 3% growth.

3. Nifty Technical

According to brokerage house Choice Broking, on the daily chart, Nifty seems to have strong support at 21100 level along with daily trend line and 50 EMA. Additional support levels include 21200 and 21000. On the upside, immediate resistance can be seen at 21,650, followed by the index at 21,700 and 21,850.

Bank Nifty charts are showing support at 200 EMA which is at 44,567 level and is acting as a strong support zone. After that there are 44,600 and 44,500 levels. If the index moves forward, the initial resistance is at 45,450, and its breakdown may indicate levels of 45,700 and 46,000.

4. Buying a large amount of shares

A good buy is seen in the big stakes in today’s business. 25 stocks of Sensex 30 are in green. Top gainers include RELIANCE, TATAMOTORS, LT, KOTAKBANK, POWERGRID, NTPC, TITAN, HCLTECH, BAJFINANCE and HDFCBANK.

5. Shopping in Asian markets

The acquisition is being followed in the main Asian markets in today’s business. Talking about Asia, GIFT NIFTY strengthened by 0.42% while Nikkei 225 strengthened by around 0.91%. The Strait Times looks 0.14 percent higher, while the Hang Seng looks 1.26 percent stronger. Taiwan Weighted gained 0.47 percent and Kospi gained 1.17 percent. The Shanghai composite is down slightly by 0.05 percent.

6. Waiting for interest rate reduction

Global markets will follow Fed policy this week (US Federal Reserve) About the results of the meeting. The market is waiting for some signal to lower the rate. A rate cut is not expected in this week’s policy decision, but there may be some signs of it. In fact, the US Fed recently hinted at a rate cut.

7. GDP is better in the US

US GDP figures were released last week on Thursday, with Q4 GDP at 3.3%, better than the 2% estimate.

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