{"id":7954,"date":"2024-06-13T07:33:44","date_gmt":"2024-06-13T07:33:44","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=7954"},"modified":"2024-06-13T07:35:24","modified_gmt":"2024-06-13T07:35:24","slug":"stock-market-at-a-new-high-as-monthly-economic-data-is-out","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/stock-market-at-a-new-high-as-monthly-economic-data-is-out\/","title":{"rendered":"Domestic Stock Market Jumped To Fresh Highs Due to Robust Economic Data &amp; Unchanged Fed Rate\u00a0"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/stock-market-at-a-new-high-as-monthly-economic-data-is-out\/#Release_of_Economic_Data\" >Release of Economic Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/stock-market-at-a-new-high-as-monthly-economic-data-is-out\/#FED_Meeting_Outcome\" >FED Meeting Outcome<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/stock-market-at-a-new-high-as-monthly-economic-data-is-out\/#Sectoral_performance\" >Sectoral performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/stock-market-at-a-new-high-as-monthly-economic-data-is-out\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/latest-news\/\">News<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>Domestic Stock Market Jumped To Fresh Highs Due to Robust Economic Data &amp; Unchanged Fed Rate\u00a0<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The stock market today has been on a roll as the economic data showcases India\u2019s growth story to be intact. The broad market equity indices Sensex and Nifty 50 touched new highs in the early trades today. The BSE Sensex rose to 77145 level while the Nifty 50 surpassed the 23481 mark. Though the market tanked on the day of Poll results, post that, within these two weeks, the market has touched multiple new highs. This indicates the investors\u2019 faith in the NDA government and its business policies. However, today\u2019s jump in the market can be mainly attributed to the release of robust economic data and the Fed meeting outcome. Here are reasons for the stock market rise today.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Release_of_Economic_Data\"><\/span><strong>Release of Economic Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The main boost for the market was the easing inflation, which has been reflected through the 12-month low CPI Inflation data. In May 2024, the CPI inflation went down to 4.75%, which has been the lowest in the preceding 12 months. This has been the major turnaround for the market as inflation is coming down and thus the interest rates can be reduced in the upping MPC meet, which is in August. The decrease in inflation also means reduced cost of production better profit margins, higher demands, and overall growth of the economy. Adequate monsoon prediction has also been a driving factor behind the decrease of inflationary pressure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another data, which made the investors happy, was the Industrial Production Index Data, which increased by 5% in April mainly fueled by exceptional growth in electric production which rose by 10.2%, and a 6.7% increase in mining activities.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FED_Meeting_Outcome\"><\/span><strong>FED Meeting Outcome<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Apart from the domestic economic data, the Fed keeping its rates unchanged in its previous day\u2019s meeting also pushed the market upward. The central bank of the US commented that though the inflation has come down it is still a huge concern. This is why they are not reducing the rates at this moment, however, by the end of the year; at least one rate cut can be expected as indicated by the Fed.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This decision of the Fed made the domestic equity market in India attractive again for the foreign investors who were selling their investments due to the political scenario at the beginning of this month.&nbsp; The foreign private investors (FPI) turned buyers yesterday and invested \u20b9 57.02 crores in the equity market. This is another boost for domestic investors, which is making the market surge today.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sectoral_performance\"><\/span><strong>Sectoral performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As the market is having positive sentiments today, most of the sectoral indices are also trading in green. The Realty sector and the IT sector are the two top sectors today, which gained the most. With the favorable IIP index data, a boost in the realty sector is inevitable. In the economic data released, it has been indicated that the real estate sector has grown robustly in April and the first quarter. Both demand and supply in this industry have surged in 2024.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Indian <a href=\"https:\/\/shoonya.com\/blog\/basics-of-stock-market\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">stock market<\/mark><\/a> is witnessing a huge boost due to the continuation of the present government, with the political uncertainty calming down, foreign investors are also returning to the markets, and favorable Fed policies and robust economic data are pushing the markets upwards continuously.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source:<\/strong> <a href=\"https:\/\/www.fpi.nsdl.co.in\/Reports\/Latest.aspx\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">https:\/\/www.thehindubusinessline.com\/<\/mark><\/a><a href=\"https:\/\/www.thehindubusinessline.com\/markets\/stock-market-live-updates-13-june-2024\/article68281209.ece\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">,  <\/a><a href=\"https:\/\/www.fpi.nsdl.co.in\/Reports\/Latest.aspx\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">https:\/\/www.fpi.nsdl.co.in\/<\/mark><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully 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The broad market equity indices Sensex and Nifty 50 touched new highs in the early trades today. The BSE Sensex rose to 77145 level while the Nifty 50 surpassed the 23481 mark. Though the market &hellip; <a href=\"https:\/\/shoonya.com\/blog\/stock-market-at-a-new-high-as-monthly-economic-data-is-out\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Domestic Stock Market Jumped To Fresh Highs Due to Robust Economic Data &amp; Unchanged Fed Rate\u00a0&#8220;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":7956,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[1082],"tags":[4180,260,4181,229,4182],"class_list":["post-7954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-bse-sensex-and-nifty","tag-nifty50","tag-reason-for-stock-market-rise-today","tag-stock-market","tag-stock-market-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stock Market at a New High As Monthly Economic Data is out<\/title>\n<meta name=\"description\" content=\"The Stock Market in India is witnessing robust growth with favorable economic data and return of foreign investors due to the unchanged Fed rate.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shoonya.com\/blog\/stock-market-at-a-new-high-as-monthly-economic-data-is-out\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock Market at a New High As Monthly Economic Data is out\" \/>\n<meta property=\"og:description\" content=\"The Stock Market in India is witnessing robust growth with favorable economic data and return of foreign investors due to the unchanged Fed rate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shoonya.com\/blog\/stock-market-at-a-new-high-as-monthly-economic-data-is-out\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ShoonyaApp\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-13T07:33:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-13T07:35:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/06\/Stock-Market-at-a-New-High-As-Monthly-Economic-Data-is-out.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Stock Market at a New High As Monthly Economic Data is out\" \/>\n<meta name=\"twitter:description\" content=\"The Stock Market in India is witnessing robust growth with favorable economic data and return of foreign investors due to the unchanged Fed rate.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/06\/Stock-Market-at-a-New-High-As-Monthly-Economic-Data-is-out.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@shoonyaapp\" \/>\n<meta name=\"twitter:site\" content=\"@shoonyaapp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/stock-market-at-a-new-high-as-monthly-economic-data-is-out\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/stock-market-at-a-new-high-as-monthly-economic-data-is-out\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#\\\/schema\\\/person\\\/f136efa6e9f6500d1b76595131564b8a\"},\"headline\":\"Domestic Stock Market Jumped To Fresh Highs Due to Robust Economic Data &amp; 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