After good signals in the global market, there has been a strong rise in the Indian stock market. Nifty rose by about 400 points and closed at 24,540 level, while Sensex closed at 80,436 level with a rise of 1330 points. Whereas Nifty Bank has increased by 788 points. Apart from this, everything from Nifty Midcap to IT sector closed in the green zone.
Among the top 30 stocks of BSE Sensex, only Sun Pharma’s share declined marginally. All the remaining 29 stocks closed at a strong rise. The biggest rise came in the shares of Tech Mahindra, which rose 4 percent today to Rs 1584. After this, shares of Mahindra & Mahindra, Tata Motors, UltraTech Cement and TCS saw a rise.
Why was there a tremendous rise in the stock market?
There was a rise in the stock market since morning. In early trade, Sensex had opened up by 600 points, while Nifty had opened up by 200 points. After this, the market continued to rise further and by the time the market closed, the Sensex rose by 1300 points, while the Nifty jumped by about 400 points.
- There was a tremendous rise in the stock market on Friday due to tremendous buying of IT shares.
- At the same time, the Indian stock market remained green due to the rise in the global market after the US economic data. After the arrival of American economic data, the fears of recession in the world’s largest economy have reduced.
- Apart from this, the results of some companies have been quite excellent, which include BPCL, COAL and ONGC.
- At the same time, domestic investors have bought heavily. Especially maximum purchases have taken place in the IT sector.
- Investor sentiment remained high in the stock market today due to strong signals from global markets. Dow Jones jumped 550 points yesterday.
These 10 shares became rockets
The biggest rise was seen in the shares of recently listed company OLA Electric, which has hit an upper circuit of 20 percent today. In long term, DLF shares 5 percent, Wipro shares 4.26 percent, Power Finance Corp 4 percent, Policy Bazaar shares 8 percent, Piramil Enterprises 7.36 percent, MPesa 7 percent, CDSL shares 9 percent, Zensar Technology 7.73 percent and Nippon Life. India AMC rose 7.49 percent.
95 shares at 52 week high
Out of total 2,797 shares of NSE, a rise is being seen in 1,872 shares. Whereas 845 shares are trading on decline. Apart from this, 80 shares remained unchanged. 95 shares were trading at 52-week high, while 31 shares were trading at 52-week low. 112 shares were on upper circuit and 76 shares were on lower circuit.