Sensex, Nifty touch new all time highs
After opening at a record level, on Tuesday, the second trading day of the week, the stock market closed again at an all-time high after the day’s volatility. The Bombay Stock Exchange’s flagship index Sensex closed at 57,552.39 with a strong gain of 662.63 points (1.16 per cent). On the other hand, the Nifty of the National Stock Exchange closed at 17,132.20 with a gain of 201.15 points (1.19 per cent). It jumped for the seventh day in a row. During trading, the Sensex had touched a record level of 57625.26 and Nifty 17,153.50. Last week, the 30-share BSE Sensex had gained 795.40 points or 1.43 per cent. The total market capitalization of companies listed on BSE has crossed Rs 250 lakh crore for the first time. The country’s forex reserve is continuously increasing, due to which the cash flow in the market is also increasing. Foreign investment (FDI) has been rising steadily, leading to a boom in the domestic market. The rupee also strengthened against the dollar, as well as the fear of corona among investors seems to be over due to vaccination. Apart from this, expectations of good signs of GDP and auto sales also jumped in the market. GDP figures are to be released today.
Best performance of Indian market in one year
The Indian stock market has performed better in the last one year as compared to the global markets. Nifty has given a return of 45 per cent. At the same time, since January this year, the Nifty has jumped 19 per cent. The Mexican market gave a return of 18.97 per cent this year. Taiwan market gave 15.70 per cent, China market 1.94 per cent and France, Korea and US markets gave even lower returns. The market capitalization of the Indian stock market has increased by Rs 75 lakh crore in one year and foreign investors have invested Rs 2.2 lakh crore in the Indian market. Whereas retail investors have invested Rs 1 lakh crore through SIP. The market capitalization has increased by Rs 10.56 lakh crore in the last 20 days.
Such was the condition of giant stocks
Talking about the big stocks, after the day’s trading, the shares of Bharti Airtel, Bajaj Finance, Hindalco, Eicher Motors and Shree Cement closed on the green mark. On the other hand, shares of Nestle India, Tata Motors, IndusInd Bank, Reliance and BPCL closed on the red mark. If we look at the sectoral index, today all the sectors except the media closed on the green mark. These include FMCG, Finance Services, Banks, Realty, Private Banks, Metals, IT, PSU Banks, Pharma and Auto.
The market was open at the highest level in the early trade
The stock market opened at the highest level in early trade. The Sensex opened at 57017.13 with a gain of 127.37 points (0.22 per cent). Nifty opened at 16970.20 with a gain of 39.20 points (0.23 per cent). Sensex-Nifty closed at the highest level on Monday On Monday, the stock market closed at the highest level after the day’s volatility. The Sensex closed at 56,889.76 with a gain of 765.04 points (1.36 per cent). On the other hand, Nifty closed at 16,931.05 with a gain of 225.85 points (1.35 per cent).
