The stock market closed with gains for the fourth consecutive day. The special thing is that for the second consecutive day the stock market took a U-turn like this. Which no one expected. In these four days, the stock market has seen a rise of 3.50 percent. Due to which about Rs 17 lakh crore has come into the pockets of investors. This means that the stock market has not failed at all in the month of April. This rise could have been even better if there had been no selling by foreign investors. But due to continuous FII selling, the market’s growth has been kept to a halt.
While the Sensex had closed below 72 thousand points on the last trading day of last month, it closed near 75 thousand points on the fourth trading day of April. On the other hand, Nifty, which was at the level of 22,300 points, crossed the level of 23100 points. This means that the momentum of the stock market remains. Experts say that it was almost impossible for the market to go further below that level.
The stock market now seems to have completely adjusted to the war. Now only bullish possibilities are visible here. On the other hand, some experts say that the Middle East war is at its last stage. An agreement can be reached between Trump and Iran at any time. Because of which the stock market is giving positive response. Let us also tell you what kind of figures are being seen in Sensex and Nifty.
Tremendous rise in Sensex
In the month of April, there has been a tremendous rise in the Bombay Stock Exchange’s main index Sensex. According to BSE data, Sensex has seen a rise of 2,669.03 points i.e. 3.71 percent in the 4 trading days of April. This means that the Sensex has recovered from the level below 72 thousand points and has reached close to 75 thousand points. If we talk about Tuesday, the Sensex closed at 74,616.58 points with a gain of 509.73 points. However, the Sensex had opened at 73,734.36 points. Which reached a high of 74,686.32 points during the trading day. However, there was a decline in the stock market in the morning and during the trading session, the Sensex reached the lower level of the day with 73,282.41 points.
Nifty also rose
On the other hand, in the month of April, Nifty, the main index of the National Stock Exchange, has also seen a lot of growth. According to NSE data, Nifty has seen a rise of more than 3.50 percent in four consecutive trading days. This means that an increase of 792.25 points has been seen in Nifty. On the last trading day of last month, Nifty closed at 22,331.40 points, which has crossed the level of 23,100 points. If we talk about Wednesday, Nifty closed at 23,123.65 points with a gain of 155.40 points. However, Nifty opened at 22,838.70 points. Which reached the day’s high with 23,153.85 points during the trading session. Whereas Nifty was negative in the morning, and the trading day went to the lower level of the day with 22,719.30 points.
How much did investors benefit?
The stock market has seen tremendous gains or rather recovery in the four trading days of April. In fact, investors benefit from the increase in market cap of BSE. The market cap of BSE on March 30 was Rs 4,12,41,172.45 crore. Which increased to Rs 4,29,20,761.94 crore on April 7. This means that the market cap of BSE saw an increase of Rs 1,679,589.49 crore. This is the benefit of stock market investors.