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Stock Market Today: Today, there was a boom in the Indian stock markets,, and both the major indices, Sensex and Nifty, reached new record levels. This positive change was seen as a result of the reduction in policy rates by the US Federal Reserve.

Performance of Sensex and Nifty

The BSE Sensex closed at 83,184.80, up 236.57 points (0.29%). During the day, it rose 825.38 points (0.99%) to reach 83,773.61. Besides, the NSE Nifty also rose 38.25 points (0.15%) to close at 24,415.80. It touched a high of 25,611.95 during the day, up 234.4 points (0.92%).

Status of major companies

Among the 30 companies listed on the Sensex, shares of NTPC, Nestle, Titan, Kotak Mahindra Bank, Maruti, Hindustan Unilever, Bharti Airtel, and HDFC Bank showed the most gains. However, shares of HCL Technologies, Tata Consultancy Services, Adani Ports, Larsen & Toubro, JSW Steel, State Bank of India, Tech Mahindra, and Bajaj Finance remained at a loss.

The impact of global markets

South Korea's Kospi, Japan's Nikkei, China's Shanghai Composite, and Hong Kong's Hang Seng also remained in profit. A bullish trend was also seen in major European markets. On the other hand, American markets remained at a loss on Wednesday.

Experts' opinion

Vinod Nair, Head of Research, at Geojit Financial Services, said that the domestic market has reached a record level after the Federal Reserve cut the policy rate by 0.50 percent in the US. However, profit booking has been seen in the shares of medium and small companies.

Interest of foreign investors

According to stock market data, foreign institutional investors bought shares worth Rs 1,153.69 crore on Wednesday.

Hike in oil prices

The price of global oil benchmark Brent crude rose by 1.21 percent to $74.54 per barrel.

Previous Day's Performance

The BSE Sensex had fallen 131.43 points on Wednesday, while the NSE Nifty had declined 41 points.

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