After the continuous decline of last week, the Indian stock market once again appeared bright in the Indian stock market. The Sensex and Nifty 50, Monday, on September 1, stopped with a good lead, having a good lead, putting an end to the decline in three sessions. The Bombay Stock Exchange’s major index Sensex gained 555 points or 0.70 per cent to close at 80,364.49 points, while the Nifty closed up to 24,625.05 with a gain of 198 points or 0.81 per cent.
The mid and small-cap segment performed better than both index. The BSE Midcap index saw 1.64 per cent rise, while the smallcap index rose by 1.49 per cent. If we talk about the benefits of investors, then there was an increase of more than Rs 5 lakh crore in a single session. The market cap of BSE increased from Rs 444 lakh crore to about 449 lakh crore rupees for the previous session. Let us also try to explain to you about the stock market boom in 10 points.
Understand how to understand stock market investors in 10 points
- Why Indian stock market rose: The market notion improved after India’s first quarter GDP growth rate was better than market expectations. On the other hand, in the upcoming GST Council meeting, the stock market saw a boom due to the hopes of getting the green signal for the proposal of GST reform. Vinod Nair, head of research from Geojit Investments Limited, said India’s first quarter GDP growth was higher than an estimate of 7.8 percent, which has strengthened the confidence of investors in the strengthening of the economy amid global uncertainties. At the same time, the hopes of making GST rational in the upcoming council meeting are strengthening the perception and promoting discretionary consumption.
- Which shares gained in Nifty 50: On Monday, the shares of Bajaj Auto (above 4.01 percent), Mahindra & Mahindra (3.52 percent above) and Hero MotoCorp (above 3.18 percent) were the highest in the Nifty 50 index. The Nifty 50 pack closed with 42 shares gains.
- These shares decline in Nifty 50: Sun Pharma (decline of 1.91 percent), ITC (decline of 1.03 percent) and Hindustan Unilever (decline of 0.56 percent) were the most declined shares in index.
- Which sector did what kind of performance: Except for Nifty Media (decline of 0.32 percent) and pharma (decline of 0.12 percent), all major sectoral index on NSE closed with an edge. Nifty Auto (up 2.80 percent) and consumer durables (2.08 percent rise) recorded a good lead. There was also a significant increase in Nifty metal (increase of 1.64 percent), IT (1.59 percent increase), oil and gas (increase of 1.35 percent), PSU bank (1.11 percent increase), realty (increase of 1.04 percent). The Nifty Bank increased by 0.65 percent, while the financial service saw an increase of 0.69 percent.
- Most active share in terms of volume: Ola Electric Mobility (108.03 crore shares), Vodafone Idea (45 crore shares) and Yes Bank (7.84 crore shares) were the most active shares in terms of volume on NSE.
- Which stocks rose by 15 percent on BSE: Pritish Nandi Communications, Shyam Century Ferrus, Jindal Photo, Jindal Poly Investment and Finance Company, MPorce Autotech and RPP Infra Projects were among the 16 shares that jumped more than 15 percent on BSE.
- How was the advanced-decline ratio: Out of 4,380 shares trading on BSE, 2,795 rose, while 1,391 declined. There was no change in the price of about 194 shares.
- 129 shares reached 52-weeks peak: TVS Motor Company, Eicher Motors and UNO Minda were among the 129 shares that touched their 52-weeks peaks in the intraday business on BSE.
- 52-weeks touching shares: 113 shares, including United Bruise, Five-Star Business Finance and Deepak Nitrite, touched the lowest level of their 52-week on BSE.
- How can the stock market be: Srikanth Chauhan, the equity research head of Kotak Securities, said that further boom may continue, due to which the Nifty market can reach 24,800. On the other hand, if the market falls below 24,500, traders may prefer to get out of their long positions.