Stock market rose strongly, investors’ assets increased by Rs 27 lakh crore in last 6 sessions
New Delhi:
The process of boom continued for the sixth consecutive day in the Indian stock market. Sensex and Nifty recorded a great bounce due to strong buying, positive global signals and better evaluation of foreign investors. Due to this boom, there has been a tremendous increase in the property of investors.
In only six trading sessions, the market capitalization of companies listed in BSE increased by Rs 27.10 lakh crore to Rs 418.29 lakh crore ($ 4.87 lakh crore).
Sensex rises 1,078 points, Nifty strong 308 points
On Monday, March 24, the BSE Sensex jumped 1,078.87 points (1.40%) to close at 77,984.38. During the day, the Sensex gained 1,201.72 points to 78,107.23. NSE Nifty also jumped 307.95 points (1.32%) to close at 23,658.35. This was the sixth consecutive session when the market continued to rise.
Sensex rises 4,155 points in six days
Since March 17, the Sensex has gained 4,155.47 points i.e. 5.62% and Nifty 1,261.15 points i.e. 5.63% in only six trading sessions. At the same time, in the month of March, the Sensex has shown a strength of 4,786.28 points i.e. 6.53%.
Tremendous boom in investors’ assets
Due to this boom, the total market capitalization of companies listed in BSE increased by Rs 27,10,918.98 crore, reaching the total market cap to Rs 4,18,29,351.91 crore ($ 4.87 lakh crore).
Experts believe that this strength in the market may continue at the moment, but investors will also have to be vigilant as the change in global conditions may affect the Indian stock market.