The stock market made history last week, breaking all old records, and on the first trading day of the week, both major indexes started off strong, setting new all-time highs. On one hand, the 30-share Sensex index on the Bombay Stock Exchange rose 283 points to hit a high of 84,827.61 points, while the Nifty-50 index on the National Stock Exchange also appeared to be very close to 26,000 points. Earlier on Friday, the Sensex crossed the 84,000-point mark for the first time.
Sensex-Nifty reaches new peaks
The BSE Sensex opened at 84,651 points as against its previous close of 84,544.31 points and rose 283.30 points in a few minutes to reach 84,827.61 points, a new all-time high. Likewise, the Nifty-50 also started trading at 25,872.55 points at the opening, rising from its previous closing price of 25,790.95 points and within a short time it reached an all-time high of 25,903.40 points.
Markets made history last week
Last Friday, all records on the stock market were destroyed. Indian stocks surged to new highs two days after the Federal Reserve cut interest rates. Stocks hit record highs. Shortly before the close, the Sensex rose 1,500 points to 84,694.46, but after the close, the Sensex rose 1,359.51 points to 84,544.31.
Like Sensex, Nifty also saw sharp gains on Friday, gaining over 400 points. As a result, Nifty hit a new record of 25,849.25. However, when the market closed, the Nifty50 index gained 375 points to close at 25,790.95 points. While the broader market rose, Nifty Bank gained 755 points. It closed at 53,793 points.
These 10 stocks became rockets as soon as they opened
Talking about the top 10 losers during the initial rally, among large cap names Mahindra & Mahindra (M&M Share) was trading at Rs 3,012.10, up 2.03 per cent, while telecom major Bharti Airtel Share was up 2.02 %, reaching Rs. 1746.95. Apart from this, shares of the country’s largest government bank SBI were trading at Rs 793, up 1.50%.
Talking about mid-cap companies, Glenmark’s stock price rose 8.32% to trade at Rs 1,760.60, NIACL’s stock price rose 3.54% to Rs 241.55 and Godrej India’s stock price rose 2.70% to trade at Rs 1,235.35 after rising %.
Apart from this, among the small cap companies, HLV Ltd shares were trading at Rs 20.63, up 9.97 per cent, while SBFC shares were trading at Rs 95.93, up 8.89 per cent. VMart Share also made the list, trading at Rs 3,939.10, up 6.45%; DBL Share traded at Rs 554.45, up 6.22%.
(Note – Always take advice from market experts before making any kind of investment in the stock market.)
