Stock market at new peak, investors earned ₹ 6 lakh crore in a day, why is there a stormy rise?
Stock Market Record High: The historical rise of the Indian stock market continues. On Monday, the last trading day of the week, the stock market once again reached a new peak. Sensex touched the level of 84694.46 points, which is also the all-time high of this index. At the same time, the Sensex closed at 84,544 points with a gain of 1359 points or 1.63%. Talking about Nifty, it reached a record level of 25,849.25 points. Nifty closed at 25,790.95, up 375.15 points or 1.48%. This is the biggest closing of Sensex and Nifty so far.
More than 250 stocks at 52-week high
Over 250 stocks, including ICICI Bank, Bharti Airtel, Hindustan Unilever (HUL), Bajaj Finserv and JSW Steel, touched their new 52-week high in intraday trade. Zomato, Bajaj Holdings, Britannia Industries, Marico, Eicher Motors, Havells, Indian Hotels, Max Healthcare Institute, Persistent Systems, PI Industries, Trent and United Spirits were also among the stocks that hit their one-year high on the BSE on Friday.
| Company Name | 52-wk High | Intra High | Last Close |
|---|---|---|---|
| Bajaj Finserv
|
1921.00 | 1924.50 | 1916.80 |
| Bharti Airtel
|
1711.70 | 1723.40 | 1711.75 |
| Britannia
|
6225.00 | 6258.65 | 6210.55 |
| Eicher Motors
|
5058.90 | 5062.20 | 4963.15 |
| HUL
|
2963.40 | 2989.35 | 2977.60 |
| ICICI Bank
|
1300.00 | 1362.35 | 1338.45 |
| JSW Steel
|
978.55 | 988.00 | 981.55 |
Investors earned ₹ 6 lakh crore
Investors earned more than ₹ 6 lakh crore in a day thanks to the stock market boom. The total market capitalization of companies listed on BSE has increased from ₹465.7 lakh crore in the previous session to a record ₹472 lakh crore.
Global market boom
The global stock market also witnessed a bullish trend. Japan’s Nikkei rose 1.53 percent, Hong Kong’s Hang Seng rose 1.36 percent China’s Shanghai Composite rose 0.03 percent, while Britain’s FTSE fell 0.74 percent and Germany’s Dax fell 1.04 percent.
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