BSE Sensex closes at 342 points that is 0.96% higher; the final closure was at 36,140 points. Nifty increases by 118 points, which is 1.07%, that is, the final closure was at 11,084 points.
The day ended at a good note at the share market. The domestic market saw a boost up in prices of shares due to the good progress in the global economic market. Also, the rising income for India in the third quarter along with the recovery of the manufacturing units and retail business for the shake off caused by GST implementation, all together led to this rise in share prices.
While the domestic market remained happy with the rising Nifty and Sensex, International Monetary Fund (IMF) revised the potential economic growth rate for the upcoming financial year, 2018–2019.
Some of the interesting facts about the current economic position of the country in the World forum are-
- There was increase in share prices in all sectors, with oil, metal, gas, energy and banking sectors leading the line.
- Vedanta, GAIL, SBI, HINDALCO, Cipla, ONGC were the top NIFTY50gainers, with the rise percentage ranging from 3% to 5%.
- IMF predicts 7.4% growth rate in 2018 and 7.8% growth rate in 2019 for India, making the country as the fastest growing countries about the emerging economies of the world.
- As per the senior fund manager of BNP Paribas Mutual Fund, the earnings of the key companies of the country will determine the market trends.
- The rising international crude oil prices, income from INC and inflation are the major risk factors for the economy.
- The bank monetary policies around the world depend on Thursday’s meeting of the European Central Bank.
- The Wall Street indexes also rose due to the advancement in the Asian stocks on Tuesday and also due to the deal between the US senators regarding the government shutdown.