As soon as the stock market opened on Monday, it rocketed. In just 5 minutes, stock market investors made a profit of Rs 8 lakh crore. Sensex opened with a rise of more than one thousand points and crossed the 80 thousand mark. On the other hand, Nifty saw a rise of more than 400 points. Apart from Adani Group, there is a rise in the shares of Reliance Industries, SBI, L&T, ICICI Bank. In fact, Mahayuti has got a bumper victory in Maharashtra. The effect of which is clearly visible in the stock market. Mahayuti has won more than two-thirds of the seats. The effect of which will also be seen on policies etc. On Friday also, a rise of more than 1900 points was seen in the stock market.
Bumper boom in stock market
For the first time after the results of Maharashtra Assembly elections, the stock markets opened and both Sensex and Nifty saw a rise of more than one and a half percent. Bombay Stock Exchange’s main index Sensex opened with a rise of more than one thousand points at 80,193.47 points. A rise of 1300 points was seen during the trading session and it reached the day’s high at 80407 points. On Friday, the Sensex closed at 79,117.11 points with a gain of more than 1900 points.
On the other hand, Nifty, the main index of the National Stock Exchange, is also trading rapidly. Nifty opened at 24,253.55 points with a rise of about 350 points and during the trading session it reached the day’s high at 24330.7 points with a rise of 423 points. At present, Nifty is trading at 24,296.05 points with a gain of 388.80 points.
Which shares increased?
If we talk about the shares of National Stock Exchange, an increase of 5.70 percent is being seen in the shares of BPCL. Whereas BEL shares are seen trading at 4.68 percent. ONGC shares were seen trading with an increase of 4.13 percent. Shares of Shriram Finance are trading with an increase of 3.84 percent. A rise of 3.52 percent is being seen in the shares of L&T. The shares of the country’s largest company Reliance Industries are seeing a rise of 2.25 percent on the Bombay Stock Exchange. Shares of Tata Steel are seeing an increase of 1.47 percent, Tata Motors 1.41 percent, SBI 3.38 percent.
Investors benefited by Rs 8 lakh crore
Due to this boom in the stock market, stock market investors have benefited tremendously. The profit of stock market investors is linked to the market cap of BSE. According to the data, the market cap of BSE was Rs 4,32,71,052.05 crore on Friday, which increased to Rs 4,40,37,832.58 crore on Monday. This means that there was an increase of about Rs 8 lakh crore in the market cap of BSE. Whereas on Friday, stock market investors had gained a profit of more than Rs 7 lakh crore.
