look news india
Stock Market Closing Bell: The stock market has recorded a sharp increase today. Today, after 30 trading sessions, the Sensex managed to cross the 78000 intraday level. Investors’ capital has increased by Rs 27.11 lakh crore in the fast -moving markets that started last week. The Nifty also managed to cross the Intrade level of 23700.
Sensex rises 4055 points
The Sensex has gained 4055 points in six trading sessions. Which had earlier closed on 13 March at 73928.91. Today it closed up 1078.87 points at 77984.38. The Nifty 50 closed 307.95 points today at 23658.35. After the rise in the last six trading sessions, the capital of investors has increased by Rs 27.11 lakh crore. Today’s boom is mainly due to banking shares. Banking and finance stocks have seen a bounce in purchases by FII. BSE Banckes closed with a gain of 1471.52 points. Federal Bank increased 4.54 percent, Kotak Bank 4.51 percent, Canara Bank 4.25 percent and SBI 3.77 percent. However, due to accounting fraud case, IndusInd Bank shares today declined by 2.42 percent.
PSU shares boom
PSUs and power stocks have also increased shopping at a lower level. Ireda increased by 9.78 percent, 6.68 percent in rights, 6.20 percent in Hindustan Aeronautics. The BSE PSU index closed up 2.84 percent (510.08 points). The power index also jumped 2.31 percent to close at 6696.75.
After the improvement recorded in the last one month, the local stock market has now seen a surge. The reason behind this is shopping at low prices and FII purchases. Areas, banking, NBFCs, autos, consumer durable goods, real estate etc. have emerged as a better performing sector due to increase in government expenditure and monetary reforms. The stability of this fast trend will depend on the upcoming PMI data, the results of the fourth quarter and the effects of the US mutual tariff.