Today is a historic day for the Indian stock market as one of the major indices, Sensex, has crossed the 75,000 mark for the first time. And apart from this, the M-cap of companies listed in BSE has also crossed Rs 400 lakh crore. Let us know in detail about this remarkable achievement.
stock market performance
- The bullish phase continues in the stock market. Even today both the market indices are trading with gains.
- Both Sensex and Nifty indices opened with gains, with Sensex gaining 166 points and Nifty gaining 50 points.
Sensex and nifty statistics
Today the Sensex opened at 74,909.33 points with a gain of 166.83 points. Nifty also rose 50.90 points or 0.22 percent to 22,717.20.
market driving factors
IT shares have a major contribution to the rise in the market. Buying IT stocks in early trade helped the market gain.
VK Vijayakumar, Chief Investment Strategist, at Geojit Financial Services, suggests that the new records set by the market yesterday confirm the bullishness of the market. A healthy and desirable trend in the market movements yesterday was the outperformance of large caps. This trend is likely to continue.
Top gainers and losers
Top Sensex gainers include Infosys, Tech Mahindra, Tata Consultancy Services, HCL Technologies, Tata Motors, Wipro, ICICI Bank and Nestle. On the other hand, shares of JSW Steel, Kotak Mahindra Bank, Reliance Industries, and Larsen & Toubro are trading in the red.
Global Market Overview
In Asian markets, Tokyo and Hong Kong saw gains, while Seoul and Shanghai declined.
Institutional investors and oil prices
Foreign institutional investors (FIIs) sold equities worth Rs 684.68 crore on Monday. Due to this the global oil benchmark Brent crude increased to US $ 90.55 per barrel.
forex market closed
The foreign exchange market is closed today on the occasion of Gudi Padwa.
conclusion, The record-breaking rally of the stock market, with Sensex crossing 75,000 points, reflects the optimism and confidence of investors. Although IT stocks have gained, market experts predict that the bullish trend will continue due to favorable market movements and the strong performance of large caps. Stay tuned for further updates on market dynamics and trends.
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