Stock Market Recovery, Sensex Crosses 36850 in Early Trade

After a big fall on Tuesday, the stock market seems to be returning to the track for the second consecutive trading day. In the initial trade, the SENSEX has crossed the 36 thousand 850 level.
Stock Market Recovery, Sensex Crosses 36850 in Early Trade

Amidst the strengthening in the global market, the third trading day of the week once again started with the rise of the Indian stock market. In the opening minutes of the business, the SENSEX has crossed 130 level strong by over 130 points. At the same time, the Nifty also saw an increase of up to 50 points and it was seen crossing 10 thousand 900. Let us know that on Wednesday, the Sensex closed up 162 points at 36,724.74. At the same time, the Nifty gained 47 points to 10,844.65.

ONGC shares were up over 6 percent in early trade. Similarly, NTPC shares rose 5 percent. Shares of Tata Motors, Tata Steel and Vedanta were also seen trading up over 2 percent. If we talk about declining shares, then HDFC, ICICI Bank, HUL and SBI are included. Meanwhile, the rupee opened up by 26 paise against the dollar in early trade on Thursday. Let it be known that on Wednesday, 27 paise strengthened and closed at 72.12 rupees per dollar.

Actually, the US Federal Reserve has given a positive view in the economic activity of the country in the Beige Book. According to the Beige Book Released by the Federal Reserve, economic activity has increased in most parts of the US. According to the data, out of 12 Federal Reserve districts, 8 districts registered moderate growth. Let us tell you that the Beige Book is a regular report issued by the American Central Bank on the current economic status of all 12 Federal Reserve districts. The US stock market has also benefited from this report.

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