The stock market has seen a boom for the fourth consecutive day.
There is a boom in the stock market for the fourth consecutive day. The Sensex has crossed the level of 82 thousand marks. On the other hand, the Nifty has reached close to 25,200 points. Metal and finance shares are seeing a good rise. The special thing is that on the selling of foreign investors, domestic buyers, ie domestic investors are seen to be overshadowed. Due to which there is a boom in the stock market. On Monday, foreign investors had withdrawn more than Rs 300 crore from the stock market, but local investors bought shares of more than 5 thousand crore rupees.
On the other hand, the two biggest IPOs of the year have landed in the primary market. Tata Capital was launched on October 6, while the IPO of LG Electronics has been launched today i.e. on Tuesday. In such a situation, no one can stop the rains in the market. The effect of which is clearly seen in the market. Let us also tell you what kind of figures are being seen in the stock market.
Good boom in Sensex and Nifty
The stock market is seen trading fast on the fourth consecutive day. Looking at the figures, the Bombay Stock Exchange’s major index Sensex was rose by 421.65 points to the day’s peak with 82,211.77 points. By the way, the Sensex started with a slight lethargy and appeared at 81,883.95 points. After that, he caught speed. The Sensex was opened at 81,790.12 points a day earlier. By the way, the Sensex has seen a jump of more than 2 percent in the month of October.
On the other hand, the Nifty also appeared to be moving forward with rapidly and on seeing it reached close to 25,200 points. The Nifty, the major index of the National Stock Exchange, rose by about 120 points to reach the day’s peak with 25,196.95 points. However, the Nifty started in a flat manner with 25,085 points. After about half an hour of the business session, there was a good jump in the Nifty. The Nifty closed at 25,077 points a day earlier. In the current month, the Nifty has seen a rise of more than 2 percent.
Which stocks boom
If we talk about shares, then there is a boom in finance and metal stocks. According to BSE data, the shares of Bajaj Finance, Eternal, ICICI Bank, Bharti Airtel are seeing more than 1 percent. HDFC Bank, Power Grid, Ultra Cement, Adani Port, Reliance Industries, HCL Tech, Maruti, Tata Steel, etc. are getting a jump of more than 0.50 percent. In contrast, Karoba is falling down with a 2 per cent decline of trette shares. At the same time, shares of Axis Bank, TCS, Infosys, Tata Motors, SBI, Kotak Bank, Sun Pharma, Tech Mahindra are seen trading on the red mark.
How much investors earned
Even though the stock market is seeing a rise of more than 350 points, but investors’ earnings are getting good daily. Stock market investors have earned more than Rs 1.50 lakh crore in less than one hour. The BSE market cap was at Rs 4,59,84,552.65 crore on Monday, which reached Rs 4,61,47,735.59 crore during the trading session on Tuesday. This means that the market cap of BSE has seen an increase of Rs 1,63,182.94 crore. If we talk about October, till now the market cap has seen an increase of about 10 lakh crore rupees.