Stock Market Today 01 Dec: Indian stock market has reached an all-time high at start of the new month. Investors are trading bullish on expectations of a strong GDP growth of 8.2 percent in the second quarter. By 9.30 am, Sensex has gained 291 points or 0.34 percent to 85,997 and Nifty has gained 86 points or 0.33 percent to 26,289. Nifty Midcap 100 has gained 0.28 percent and Nifty Small cap 100 has gained 0.58 percent.
Stock Market All Time High
Domestic stock market started the week on a strong note, with Nifty 50 index opening at a new all-time high. This sharp rise came after India’s strong GDP data boosted investor confidence and raised expectations of a possible interest rate cut by the Reserve Bank of India (RBI).
Stock Market Today 01 Dec
The Nifty 50 index opened at 26,325.80, up 122.85 points (0.47 percent). The BSE Sensex also made a positive start, opening at 86,065.92, up 359.25 points (0.42 percent). Nifty Metal was top gainer, rising 1.02 percent, and Nifty Auto was the top gainer, rising 0.63 percent.
Top Gainers and Losers Today
Broad cap indices performed in line with benchmarks, with Nifty Midcap 100 rising 0.28 percent and Nifty Small cap 100 rising 0.58 percent. SBI, Trent, and Tata Steel were among the major gainers in the Nifty pack, while Tech Mahindra, Tata Consumer, Titan Company, and Bajaj Finance were among the losers.
Asian Stock Market
In Asian markets, China’s Shanghai index rose 0.43 percent, Shenzhen rose 0.99 percent, Japan’s Nikkei fell 1.68 percent, while Hong Kong’s Hang Seng index rose 0.77 percent. South Korea’s Kospi fell 0.12 percent.
Share Market Rising Top Reason
Oil prices rose more than 1 percent, supported by investor concerns about supply chain reliability due to geopolitical tensions. Foreign institutional investors (FIIs) sold equities worth ₹3,672 crore on November 28, while domestic institutional investors (DIIs) were net buyers of equities worth ₹3,993 crore. Market experts said the market received substantial support from strong GDP data, raising hopes that RBI may consider a 25 basis point interest rate cut in its upcoming policy meeting.
Also Read- Gold and silver prices fall, yet remain near all-time highs; find out latest rates for major cities
