Share Market Update / Stock market rises after three days, Sensex rises 165 points; nifty too strong

Share Market Update: The Indian stock market saw a boom on Wednesday amid signals from the global market. A bullish trend was seen in the Indian market after three days. At the beginning of the trading session, both the major indices started trading with green marks. The 30-share Sensex rose 165 points to open at 57,312.49. At the same time, 50-share Nifty also started trading with a boom.

Nasdaq falls 115 points

Earlier on Tuesday, there was weakness in the US market. Dow Jones climbed 36 points to close at the level of 29239 amid heavy volatility. Nasdaq fell 115 points on the fifth day to close at a two-year low. SGX Nifty is trading close to 17000 with a gain of 50 points. Dow futures also gained 80 points. Major equity markets in Europe and Asia fell amid concerns about aggressive rate hikes by the US Federal Reserve in the next meeting.

Market falling continuously for three days

Earlier, the domestic stock market recorded a decline for the third consecutive trading session on Tuesday. The increase in policy rates by the central banks of various countries and the intensification of the Russia-Ukraine war has had an adverse effect on the market. Its effect was that at the end of the trading session, the 30-share Sensex closed at 57,147.32 points, down 843.79 points. The Nifty of the National Stock Exchange closed at 16,983.55, down 257.45 points. Of the 30 Sensex stocks, IndusInd Bank was the biggest loser at 3.70 per cent.