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Tremendous shopping in the stock market

On Monday, the Indian stock market had a boom atmosphere, the Sensex closed 676.09 points and the Nifty closed up 245.65 points.

The Indian stock market demonstrated a tremendous rise on Monday. After opening after three days holiday, there was heavy purchases in the market. Due to the plan to improve GST till Diwali, there was strong purchases in shares of vehicles and sustainable consumer goods companies. For this reason, the Indian market ended the business with a positive lead. The benchmark Sensex and Nifty increased by about one percent. Experts believe that the upgrade of India’s Sovereign Credit Rating by the global rating agency S&P also had a positive impact on the market. The rupee increased by 24 paise against the US dollar, which closed at 87.35 (provisional).

Sensex and Nifty closing level

The BSE Sensex, including 30 shares, closed at 81,273.75 points with an increase of 676.09 points or 0.84 percent. During the trading, it rose 1,168.11 points or 1.44 percent to 81,765.77 points. At the same time, NSE Nifty, including 50 shares, closed at 24,876.95 with a gain of 245.65 points or 1.00 percent. During trading, it rose 390.7 points or 1.58 percent to 25,022.

Gold and silver prices stability

The price of gold remained stable in the bullion market on Monday, while the price of silver once again rose. Global markets saw an increase in gold prices, but in the Indian market it remained stable at its previous level. The price of gold in Delhi’s bullion market remained stable at Rs 1,00,920 per 10 grams. At the same time, silver with 99.5 percent purity was priced at Rs 1,15,000 per kg (including all taxes).

Market situation in the coming days

Although gold prices remained stable on Monday, experts say that their prices can be seen in the coming days. He said that due to no clear solution on the peace process in the US-Russia meeting, there will be a trend ranging from stability to instability in gold prices. If there is any progress in the talks, the prices of gold may be under pressure.