Due to good signals from America last Friday, the Indian stock market is seeing a rise. In just 20 minutes, the main index of Bombay Stock Exchange reached a new record level. On the other hand, Nifty also set a new record. In fact, the Chairman of the US Central Bank indicated on Friday that the inflation figures are in line with the Central Bank. In such a situation, experts estimate that the Fed may make its first cut in interest rates in the cycle of the month of June.
This is the reason why the market is witnessing a boom. On the other hand, the market is also open after a long weekend. And in the first trading day of the financial year, huge buying is being seen from investors. Due to this boom, stock market investors have made a profit of Rs 6.28 lakh crore in about 20 minutes. Let us also tell you at what level the stock market is trading at present.
Stock market at record level
The main index of Bombay Stock Exchange is trading at 74,130.74 points with a rise of 479.39 points at 10:55 am. However, within about 20 minutes of the trading session, the Sensex made a new record and reached a life time high of 74,254.62 points. On the other hand, the main index of National Stock Exchange Nifty is trading at 22,489.95 points with a gain of 163.05 points. Whereas during the trading session, NSE Nifty rose by 192.1 points and reached a record level of 22,519 points. According to experts, after the Lok Sabha elections, Nifty can also cross the level of 2500 points.
Which stocks are seeing a rise?
If we talk about the rise in listed companies, then JSW Steel is seeing a rise of 5 percent on NSE. Whereas an increase of 3 percent is being seen in the shares of Tata Steel. The shares of Adani Port are also seeing a rise of two and a half percent. Shares of Apollo Hospital and L&T are seeing a rise of more than 2 percent. On the other hand, shares of the country’s largest company Reliance Industries are seen trading flat. At the same time, a slight rise of Rs 14 is being seen in TCS shares.
Investors got huge benefits
Due to this boom, investors have also got huge benefits. Investors’ earnings are linked to the market cap of BSE. During the trading session of just 20 minutes, an increase of Rs 6.28 lakh crore was seen in the market cap of BSE. The market cap of BSE during the last trading session was Rs 3,86,97,099.77 crore. Whereas today at 9.35 am the Sensex reached life time high, the market cap was around Rs 3,93,26,056.39 crore. This means that market investors have made a profit of Rs 6,28,956.62 crore in 20 minutes.
