BSE, SEnsex today

Before the ‘Holi Festival’ The BSE Sensex closes at a four-week high.

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On Thursday, the BSE Sensex rose 1047.28 points, or 1.84 percent, to a 4-week high of 57,863.93 as investors digested the US Federal Reserve’s decision to raise interest rates by an expected 25 basis points. Furthermore, emotions improved as foreign investors resumed buying and crude oil prices remained below $100 per barrel despite prospects of progress in Russia-Ukraine peace talks. Capital goods, banks, and autos led the gains, with 28 of the 30 stocks closing in the green. Titan, a jeweller, and watchmaker gained 4.5 percent and has risen 30 percent in the last six months on anticipation of robust profits growth ahead of the forthcoming wedding season. Housing Development Finance Corporation (+5.5 percent), Kotak Bank (+3.29 percent), Reliance (+3.18 percent), Asian Paints (+3.07 percent), and Tata Steel (+3.02 percent) were among the top gainers. The BSE gained 4.3 percent over the week. On Friday, the market will be closed for the “Holi Festival.”

Data Source: Trading Economics

Data Source: Trading Economics

The SENSEX (BSE30) is a key stock market index that tracks the performance of 30 major Bombay Stock Exchange businesses. Liquidity, trade volume, and industry representation are used to select the companies. The SENSEX is a market capitalization-weighted free-float index. As of 1978-79, the Index has a base value of 100.

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