Stock Market Today: With the announcement of GST cut, positive environment is being seen in Indian markets. The GST Council has decided to remove tax slabs of 12% and 28% to keep two slabs of only 5% and 18%. Also, tax rates have been cut on many things. This news increased the morale of investors and the market gained momentum. Both Sensex and Nifty showed a good bounce and there was an atmosphere of shopping throughout the market.
Sensex and Nifty have tremendous boom, every sector green
Today, as soon as the market opened, the BSE Sensex reached 81,214 up about 647 points. At the same time, the Nifty was also up to 24,909 points up 194 points. The special thing is that the index of all the sector of the Nifty is in the green mark. Midcap and smallcap stocks also saw strong purchases. It is clear that tax deduction has strengthened the trust of investors and they are investing fiercely.
More than 4 lakh crores jump in investors’ wealth
The total market capitalization of companies listed on BSE was ₹ 4,52,76,261.93 crore on 3 September. In just one day i.e. on September 4, it increased to ₹ 4,56,25,991.71 crore. Meaning there was a big jump of about ₹ 3,49,729.78 crore in the capital of investors. This boom is a big proof of the growing boom in the market and the trust of investors.
23 shares gains, M&M and Bajaj Finance made a boom
There are a total of 30 shares on the Sensex, out of which 23 are trading today with an edge. The biggest faster was seen in the shares of Mahindra & Mahindra, Bajaj Finance and UltraTech Cement. On the other hand, the shares of the Eternal and NTPC remained in decline. However, this decline could not reduce the market boom.