Before Dhanteras and Diwali, there is continuous excitement in the stock market. Wednesday’s surge is visible on Thursday also. Due to which the Sensex has once again crossed the level of 83 thousand points and reached a one-month high. In fact, this boom is being seen once again due to investment by foreign investors. On the other hand, after the Fed, the effect of RBI indicating reduction in interest rates is being seen.
After the American market, the bullish environment in the Asian markets also seems to be supporting the Sensex and Nifty. According to experts, there is no liquidity in the stock market. Even big IPOs like Tata Capital and LG Electronics have not caused any loss to investors. Due to which there is an atmosphere of enthusiasm among the market investors. Also, a strong sentiment has developed among investors that in the coming days, the stock market can easily digest IPOs priced above Rs 10,000. An example of which was seen during the Hyundai IPO last year. Which became the biggest IPO in the history of the Indian stock market.
In such a situation, it can be expected that when a big IPO like Jio comes next year, the stock market will be able to digest it easily. However, due to the boom in the stock market, investors have earned up to Rs 2.30 lakh crore in just 20 minutes. Let us also tell you with which figures Sensex and Nifty are seen trading.
Bullish atmosphere in the stock market for the second consecutive day
There is a bullish atmosphere in the stock market for the second consecutive day. Due to which both Sensex and Nifty are trading at the high of almost a month. According to the data, Bombay Stock Exchange’s main index Sensex rose by 456.51 points to reach 83,061.94 points. The special thing is that the Sensex crossed 83 thousand points for the first time after September 18. However, at present i.e. at 10:05 AM, the Sensex is seen trading at 82,993.64 points with a rise of about 400 points.
On the other hand, the main index of National Stock Exchange, Nifty is also trading at a very fast pace. Nifty is trading at 25,444.45 points with a rise of 120.65 points at 10:05 am. During the trading session, Nifty appeared at the day’s high at 25,452.75 points with a rise of about 130 points. Nifty also seems to be trading at about a month’s high;
Which stocks rose?
Out of the top 30 shares of BSE, only 7 shares are seen trading in the red. The special thing is that a slight decline is being seen in all. On the other hand, the highest increase is being seen in Axis Bank. There is also a rise in the shares of Titan. Only two stocks are seeing an increase of more than 2 percent. Shares of Mahindra & Mahindra, Tata Motors, Adani Port and Bajaj Finance are seeing a rise of more than one and a half percent. An increase of more than 1 percent is being seen in the shares of Trent and Eternal. However, in 5 out of the last 7 trading sessions, foreign investors have invested more than Rs 3 thousand crores, due to which there is a bullish atmosphere in the stock market.
Investors benefited by Rs 2.30 lakh crore
Due to this boom in the stock market, stock market investors have also made huge profits. This profit and loss is linked to the market cap of the stock market. On Wednesday, the market cap of BSE was Rs 4,63,78,063.1 crore, which has increased to Rs 4,66,27,430.60 crore. This means that stock market investors have gained a profit of about Rs 2.50 lakh crore. If experts are to be believed, stock market investors may see similar benefits in the coming days.