Investors were delighted by trading after the three-day dip in stock markets this morning. The stock markets declined following a 10 per cent tax cut for long-term capital gains in the budget.
In the US, the US Federal Reserve has echoed in Asian and Indian stock exchanges due to the US Federal Reserve’s decision to increase interest rates to control inflation.
Investors were disturbed by losses of over Rs 9 lakh crore in 3 days. In this situation, stock markets have started rising today. The Sensex plummeted by over 240 points to close at 561 points after closing 561 points in late afternoon trade.
In the process, it opened 367 points to trade at 34,563. The Sensex touched a high of 470 points and touched a high of 34,666 points.
Similarly, Nifty dropped by 369 points and fell by 168 points in the evening to trade with 10,498 points. Today, Nifty touched a high of 116 points and touched a high of 10 thousand 614 points.