Free Nifty Tips : Sensex Rises 300 Points In Early Trade

Rudra Investment Provide Free Nifty Tips for the best investment in this festive season Encouraged by the rise in industrial production in July and the downturn in retail inflation in August, domestic investors have started buying in early trading on Friday.

The Bombay Stock Exchange's Sensex index rose more than 300 points in the initial trade and once again crossed 38,000 points. The 30-share index of the Bombay Stock Exchange (BSE) rose 318.85 points, or 0.85 percent, to 38,036.81 in early trade today. The Sensex closed at 304.83 points in the trading day of Wednesday's trade.

At the same time, the Nifty of the National Stock Exchange also rose by 84.90 points, ie 0.75 percent to 11,454.80 in the opening round. After the data released by the Central Statistics Office (CSO) on Friday, there was a pick up in the buying activity.

According to the figures, the growth of industrial production (IIP) in July increased to 6.6 percent, while retail inflation declined to a 10-month low of 3.69 percent in August. With the confidence of the government to make every possible effort to stop the decline of the rupee, the domestic share market has risen sharply. On Friday, the rupee strengthened by 50 paise to 71.68 rupees against the dollar in early trade.

According to the immediate data, domestic institutional investors (DII) bought shares worth Rs 541.44 crore purely on Wednesday, while foreign portfolio investors (FPIs) remained net sellers of Rs 1.086.39 crore.

In view of Ganesh Chaturthi, the stock market remained closed on Thursday. Other Asian markets also witnessed an upward trend. Hong Kong's Hang Seng index was up 0.79 percent in early trade, while Japan's Nikkei index was up 0.97 percent. However, the Shanghai Composite Index remained down 0.26 percent. The Dow Jones Industrial Average Index of America closed at 0.57 percent on Thursday.