Sensex Up 360 Points, Top Gaining Stocks

Updates on the Share Market: The benchmark equity index increased on Tuesday, the day before the 56th meeting of the GST Council. The NSE and BSE both increased.

Updates on the Share Market: The meeting of the GST Council will begin on September 3. The benchmark equity index increased on Tuesday, the day before this. The NSE Nifty 50 was up 28 points, or 0.1 percent, at 24,653, while the BSE Sensex increased 155 points to 80,520. Reliance Industries was the most profitable of the equities that comprised the Sensex. The price of its shares increased by 1.4 percent to Rs 1372.

The stock market will be impacted by these factors.

Let us inform you that the 56th meeting of the GST Council has the potential to adopt the government’s recommendations for GST reforms. The impact of PM Modi, Jinping, and Putin’s Shanghai Cooperation Organization (SCO) summit is also evident in the stock market today, amid the anticipation surrounding the GST Council meeting. In addition, investor sentiment will be impacted by the first weekly expiration of NSE contracts under the updated framework. In the meanwhile, Thursday is now the new expiration date for Sensex options.

They are among the top winners and losers.

Similar to this, Nifty Midcap 100 and Nifty Smallcap 100 both saw small gains of 0.31 and 0.10 percent, respectively. Nifty Media saw the largest gain of 0.82 percent among the sectoral indices, while Nifty Oil & Gas saw a 0.34 percent increase. The Nifty FMCG saw a 0.20 percent increase.

Every other index was observed to be trading lower. The Nifty IT dropped 0.42%. Eternal and Bajaj Finance saw the biggest gains in the Nifty, rising 1.1 and 0.7 percent, respectively. Axis Bank, Maruti Suzuki, Hindalco, Asian Paints, and Dr. Reddy’s Labs were the largest losses.

Situation of the global market

Investors around the world will be watching the Eurozone CPI data, the US ISM manufacturing data, and the S&P Global Manufacturing PMI data. Regarding the Asian markets, they saw an increase as a result of the anticipation of favorable outcomes from the Shanghai Cooperation Organization (SCO) in Tianjin. China’s Shanghai Composite increased 0.04%, South Korea’s Kospi increased 0.45%, and Japan’s Nikkei 225 increased 0.31 percent. Nonetheless, the S&P/ASX 200 in Australia experienced a 0.41 percent decline.

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