look news india
Stock Market Boom: Ahead of the Lok Sabha election results, an attractive rise has been seen in the stock market today. Sensex rose by more than 1100 points and Nifty by more than 350 points to reach record high.
After hitting an all-time high of 75368.56, the Sensex was trading 1116 points higher at 75336.19 at 2.24 pm, while the Nifty was up 339.20 points at 22937. The Nifty hit a record high of 22948.45.
Investors in PSU shares are excited by the Prime Minister's statement
Prime Minister Narendra Modi on June 4 predicted a boom in the stock markets and assured that the victory of the NDA is certain. Due to this, the stock market has seen an attractive boom. PSU stocks have registered a jump of more than 10 percent. Stocks including Cochin Shipyard, RVNL, Mazgaon Dock, BDL, IRFC achieved new annual highs with a rise of more than 15 percent.
Due to the rise in stock market
The chances of the expected results of the Lok Sabha elections 2024 have increased. Global stock markets are also moving ahead with positive factors. The effect of which has been seen on the Indian stock market. Indicating a strong economy, the RBI has announced a dividend of Rs 2.11 lakh crore to the government treasury. Volume has increased in banking stocks. The volatility index is trading down 0.23 percent at 21.42. Which indicates increased stability in the market.
Investors' capital increased by Rs 4 lakh crore
Due to the spectacular rise in Sensex and Nifty, investors' capital has increased by Rs 4 lakh crore. At 2.42am, BSE market cap stood at Rs. Rs 419.50 lakh crore reached a new historical peak. In which investors' capital as compared to yesterday's close is Rs. There has been an increase of Rs 3.56 lakh crore.
Eight indices including smallcap-midcap reached all-time highs
Universal growth has been seen in the stock market today. Apart from smallcap, midcap, largecap, auto, capital goods, consumer durables, telecom, industrials index has also reached an all-time high. Amid the boom in the real estate sector, the realty index has also reached a new yearly high. Factors including encouraging quarterly results, strong economic growth, increased demand have boosted volumes in stocks.
