The market bounced back after sinking Rs 31 lakh crore, know how the market was doing throughout the day?

Share Market Closing: After the results of the Lok Sabha elections, today i.e. on June 5, the Sensex closed at 74,382 with a gain of 2,303 points (3.20%). Yesterday it had fallen by 4,389 points. At the same time, the Nifty rose by 735 points (3.36%). It closed at 22,620.35.

In today's trade, 29 out of 30 Sensex stocks rose. Indusind Bank's stock rose the most by 7.75%. Shares of Tata Steel, M&M, Bajaj Finance, Kotak Bank, Hindustan Unilever closed with a gain of more than 4%. A slight decline was seen in LT.
Auto, metal, FMCG and private bank stocks (Share Market Closing) In today's trading, auto, metal, FMCG and private bank stocks saw the biggest rise. Nifty Metal Index saw the maximum rise of 5.75%. Private Bank Index also saw a rise of 5.13%. On the other hand, Auto and FMCG index saw a rise of more than 4%.
Three reasons why the market is booming:

Despite the reduced majority, the policy agenda of Modi 2.0 (investment-led growth, infrastructure, manufacturing, etc.) is expected to continue with some changes.
Yesterday, on the day of election results, i.e. 4th June, the Sensex closed at 72,079 with a fall of 4389 points (5.74%). That is why investors are doing bottom-fishing.
The Sensex has gained momentum due to buying in HDFC Bank, ICICI Bank and Reliance shares. HDFC Bank's contribution in the market's growth is 455 points. ICICI's contribution is 217 points.