Stock Market Closes at Positive Note

Irrespective of the inflation, increasing interest rates in the market has been given a green signal. The inflation was recorded high today. The index was recorded at 100 points owing to Asian Peers which indicated positive growth by 80 points and it touched 18,514. On the other hand, Nifty was at rise by 35 points and its total led to 5,561.

European markets saw a rise after many days and Hang Seng and Shanghai Composite added to 1.5% each to the market, Nikkei was at rise by 0.4%. Asian markets have also risen in the trade.

The broader market has lined up with the benchmark. BSE mid-cap was at a rise by 1% that made the total of 6,191 whereas the small-cap index was up by 0.8% and its total was 5900.

In today’s trade, oil and gas and auto index were also at rise but IT did not showed any growth and was low by 0.5%

The other segments which indicated growth were sugar and tea stocks. To name a few, Hindusthan, Balrampur Chini, Shree Renuka Sugars and Dwarikesh Sugars were at rise by 2% to 5%. And, in tea -Tata Global, Assam Company and Assam Tea were some of the tea reserves which were doing exceptionally well. Bank stocks were up after few days decline due to the stretch of Europe’s debt crisis.