This huge surge was supported by gains in banks and the financial sector. The 30-share BSE Sensex pack rose 599 points to hit a record high of 76,010, while the broader NSE Nifty index rose over 151 points to a new lifetime peak of 23,108.
Domestic stocks made strong gains in Monday’s trade to touch their new all-time high. This huge surge was supported by gains in banks and the financial sector. The 30-share BSE Sensex pack rose 599 points to hit a record high of 76,010, while the broader NSE Nifty index rose over 151 points to a new lifetime peak of 23,108. Domestic stock markets surged so much that it generated nearly Rs 1.5 lakh Crore of BSE market capitalization (M-cap).
Here’s a look at the rise in market numbers today:
Investors’ wealth improved by Rs 1.5 lakh Crore
Investor wealth today rose by Rs 1.51 lakh Crore to Rs 421.50 lakh Crore, according to BSE M-Cap, while the valuation stood at Rs 419.99 lakh Crore during the previous session.
215 shares hit 52-week high on BSE
At least 215 stocks hit their 52-week high today. BSE 500 stocks such as Aditya Birla Fashion & Retail Ltd, Adani Ports, Aegis Logistics, Amara Raja Energy & Mobility Ltd, Ashok Leyland, BEL, Bharat Forge, Airtel, Bosch, Cochin Shipyard, Divi’s Labs and Exide Industries have touched their respective levels. But hit. Year high level. He said, 40 stocks touched their respective one-year low today.
Market condition weak: 2,059 shares were in red
Despite the mentioned growth, market breadth was weak. Out of 3,986 shares on BSE, 2,059 shares saw a decline. There were gains in 1,765 shares, while there was no change in 162 shares.
Finolex Cables, Aegis Logistics and IOB rise up to 20%
Stocks like Finolex Cables, Aegis Logistics, Indian Overseas Bank, ZF Commercial Vehicle Control Systems India Ltd, JBM Auto, Glenmark Pharma, UCO Bank, JB Chemicals, AstraZeneca Pharma, RCF, Ashok Leyland and Paytm rose up to 11.73 %.
Banks and financial stocks were the top gainers
As for the Sensex, the key components that pulled the index higher were HDFC Bank, ICICI Bank, L&T, Infosys, TCS, Axis Bank and SBI. HDFC, ICICI and L&T and ICICI alone contributed positively to the rise of around 298 points.
13 out of 16 sub-indices on NSE were seen trading in the green. Nifty Bank and Nifty Financial Services outperformed the NSE index, rising 1.40 % and 1.28 % respectively. In contrast, Nifty Media and Nifty Oil & Gas declined 0.63% and 0.37 % respectively.
