After the decline in the stock market for the last five trading days, a tremendous rise is being seen today. Sensex and Nifty opened on the green mark on the last trading day of the week. Sensex opened at 80,158.50 on Friday, while Nifty opened at 24,423.35. However, after a short time, Nifty rose by 244.30 points to reach 24,650.40 and Sensex rose by 672 points to reach 80,712.
Out of the top 30 stocks of BSE Sensex, 25 stocks are seeing a rise, while 5 stocks were trading in the red. The biggest rise was seen in the shares of Infosys, Bharti Airtel, TCS, JSW Steel and Sun Pharma. Whereas Tech Mahindra and HDFC Bank shares were down the most. Due to which Bank Nifty was down by about 150 points.
Why did the stock market rise?
A day ago there was a huge fall in the global market, due to which the Indian stock market was also affected. However, today there have been good signals from the global, due to which the Indian stock market is also in the green zone. Moreover, the stock market has fallen every day since the budget. Meanwhile, from retail to big investors are buying, due to which Nifty and Sensex are trading on the rise.
Stormy rise in these 10 stocks
Talking about midcap stock, SJVN shares are up more than 8 percent at Rs 152. Shares of Ashok Leyland rose by about 6 percent to Rs 246. Mpaisa rose about 6 percent. In small cap, shares of Zensar Technology jumped 5.5 percent to Rs 816 per share. Indian Overseas Bank was up nearly 4 percent at Rs 68. Five Star Business rose 3.4 percent to Rs 749.
UCO Bank also rose by more than 3 percent. Bharti Airtel was up by about 4 percent at Rs 1504. Tata Power was trading at Rs 438, up 3.5 percent. Whereas shares of Divi’s Labs rose by more than 3 percent.