Stock Market Today: Sensex and Nifty rise, 271 stocks hit upper circuit
Stock Market Today: Due to improvement in global stock markets, Sensex and Nifty have recovered today after 3 consecutive days of decline. Sensex has regained the level of 73 thousand, while Nifty is also moving towards 22300.
After opening with improvement today, Sensex closed at 722354.84 with a rise of 411.16 points. Nifty also recorded a peak of 22295. Till 11.30 pm, the Sensex was trading with a gain of 351.63 points.
Investors’ capital increased by Rs 3.50 lakh crore
Due to the fall in the stock market, investors’ capital increased by Rs 3.50 lakh crore till 11.32 pm tonight. On BSE, 271 shares hit upper circuit, while 171 shares reached the year’s highest level. 21 shares of the Sensex pack were trading up to 4 per cent with a rise of up to 4 per cent and 9 shares were trading with a decline of up to 4 per cent.
Asian markets have seen a universal improvement. Whereas a mixed trend has been seen in European markets. The Dow Jones and S&P500 indices closed marginally lower yesterday after high volatility.
economic signals strengthened
Voting for the first phase of Lok Sabha elections is going to start from tomorrow. On the basis of campaign and voting polls, the possibility of forming the expected government has increased. Keeping this in mind, it has been found that investors have increased purchasing at lower prices. With the economic data also being strong, the market has seen an improvement due to the expectation of positive corporate quarterly results.
All sectoral indices improved except FMCG
The index was trading 0.21 percent lower due to profit-booking in FMCG shares. While all other indices are trading in the green zone. Vodafone Idea shares rose up to 4 per cent after the launch of its FPO, while other telecom stocks also gained, with the telecom index rising over 2.57 per cent to a historic high. Auto, Capital Goods, Metal, Oil & Gas, Power, Realty, Tech and Services indices are trading with gains of more than 1 percent.
