Last Updated: March 13, 2023, 09:34 IST
Why is Stock Market Rising Today?
Sensex Today: Indian indices opened greater on March 13 with Nifty round 17,400.
Sensex Today: Indian indices opened greater on March 13 with Nifty round 17,400. Key indices Nifty50 gained over 100 factors to commerce above 17,500 ranges, the S&P BSE Sensex superior over 300 factors to commerce round 59,462 ranges.
Broader markets, nonetheless, had been tepid as Nifty Midcap 100 and Nifty Smallcap 100 indices lowered as much as 0.1 per cent.
Sectorally, Nifty IT, and Nifty Metal indices led the cost because it gained over 1 per cent every. On the flipside, Nifty Media, and Nifty Auto indices had been slowed down in commerce.
Among particular person shares, shares of Tech Mahindra soared over 8 per cent as Infosys’ veteran Mohit Joshi is about to switch C P Gurnani as MD & CEO.
Global Cues
Asian shares principally fell Monday, shaken by a Wall Street tumble that set off worries the largest U.S. financial institution failure in practically 15 years may need ripple results all over the world. Japan’s benchmark Nikkei 225 slipped 1.2% to 27,817.43 in morning buying and selling. Australia’s S&P/ASX 200 slipped 0.6% to 7,104.30. South Korea’s Kospi was little modified at 2,394.10.
Tokyo shares opened decrease on Monday after a rout on Wall Street as banking shares wobbled on contagion fears after the failure of regional lender Silicon Valley Bank (SVB).The benchmark Nikkei 225 index was down 1.76 %, or 495.49 factors, at 27,648.48 about 80 minutes after the opening bell, whereas the broader Topix index misplaced 2.14 %, or 43.43 factors, to 1,988.15.
US shares closed sharply decrease and Treasury yields prolonged their slide on Friday over fears of contagion within the monetary sector and powerful February employment information displaying the financial system added extra jobs than anticipated.
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