Bumper rise in stock market! Sensex jumped 600 points, Nifty crossed 23,950, CarTrade Tech shares became rocket. Massive surge in the stock market! Sensex jumps 600 points, Nifty crosses 23,950, and CarTrade Tech shares skyrocket.

Amidst the continuous ups and downs in the domestic stock market, today a very wonderful and relieving news has emerged for the investors. The Indian stock market has started with tremendous momentum and greenery on the first trading day of the week. Bombay Stock Exchange index Sensex is trading in a strong position by jumping more than 600 points in early trading itself. At the same time, Nifty 50 of the National Stock Exchange has also crossed the important psychological level of 23,950, registering a gain of more than 180 points. Due to this boom in the market, Dalal Street has returned to its glory.

Strong signals from global markets and booster dose of domestic buying

Market analysts and brokerage firms believe that the biggest reasons behind today’s huge rise are the positive signals from the American markets (Nasdaq and S&P 500) and the return of strength in the Asian markets. Along with this, reduced selling pressure from foreign institutional investors (FIIs) and all-round buying by domestic institutional investors (DIIs) in banking, auto and IT sectors have provided strong support to the market. Most of the sectoral indices are trading in the green today, due to which the sentiment of retail investors has also strengthened.