Share Market Update: Investors’ bags filled in the share market, earning of Rs 2.17 lakh crore
[ad_1]
Share Market Update: The ongoing stormy rise in the Indian stock market has filled the pockets of investors. On Wednesday at 12 noon, the 30-share BSE Sensex is trading at 69,610.70, up 0.45 percent or 314.56 points. Whereas, Nifty is trading at the level of 20,930.95 with a rise of 0.36 percent i.e. 75.85 points. Market experts hope that Nifty may reach 21 thousand soon. Meanwhile, news is coming that investors’ capital increased by Rs 2.17 lakh crore on Wednesday. Due to the continuous capital inflow of foreign institutional investors, the capital of investors has increased due to the domestic markets reaching new peaks. Domestic stock markets continued to rise for the seventh consecutive session on Wednesday and reached new highs. BSE’s 30-share Sensex jumped 303.25 points or 0.44 percent to reach a new record level of 69,599.39. Nifty also rose 100.05 points or 0.48 percent to reach a new all-time high of 20,955.15. Due to the sharp rise in the market, investors’ capital increased by Rs 2.17 lakh crore.
Earning of Rs 346 lakh crore was done yesterday
Market valuation of companies listed on BSE (Market Cap) jointly reached an all-time high of Rs 348.64 lakh crore on Tuesday. Yesterday it was Rs 346.47 lakh crore. Analysts said that foreign institutional investors have reversed their selling strategy and have remained continuous buyers for the last seven days. This stance shows their confidence in the Indian market. Among Sensex companies, ITC shares rose the most by 1.70 percent, Wipro by 1.43 percent, Tech Mahindra by 1.36 percent and Nestle India by 1.27 percent. HCL Tech, Asian Paints and Reliance were also gainers. The combined market valuation of all listed companies on BSE reached US$ 4000 billion for the first time on 29 November. The market capitalization of companies listed on NSE crossed the US $ 4000 billion mark for the first time on Friday.
What is the market situation today?
Among Sensex companies, ITC shares rose the most by 1.70 percent, Wipro by 1.43 percent, Tech Mahindra by 1.36 percent and Nestle India by 1.27 percent. HCL Tech, Asian Paints and Reliance were also gainers. At the same time, shares of ICICI Bank, NTPC, UltraTech Cement and Tata Steel declined. In other Asian markets, Hong Kong’s Hang Seng and Japan’s Nikkei were in profit. American markets closed with slight losses on Tuesday. Global oil standard Brent crude was trading at $ 77.30 per barrel with a gain of 0.13 percent.
how was the market yesterday
Yesterday, BSE Sensex jumped 431 points and closed at a record level of 69,296.14 points. Nifty of National Stock Exchange also reached the highest level of 168.50 points and closed at 20,855.30. The market capitalization of BSE listed companies increased by more than Rs 2.5 lakh crore on Tuesday and crossed Rs 350 lakh crore. Among Sensex companies, Power Grid gained 4.46 percent, NTPC 3.89 percent, SBI 2.31 percent and ICICI Bank 2.28 percent. Other profitable companies include Mahindra & Mahindra, Titan and Maruti. On the other hand, Hindustan Unilever, HCL Tech, Bajaj Finance lost up to 1.49 percent. Out of 30 Sensex stocks, 20 were in profit while 32 out of 50 Nifty stocks were in profit. According to stock market data, foreign institutional investors bought shares worth Rs 2,073.21 crore on Monday.
[ad_2]
Source link
