Stock Market Today: Stock market booms on seventh consecutive day, Sensex-Nifty boom
New Delhi:
Stock Market Today: The process of boom in the Indian stock market continues for the seventh consecutive day. The market started strong on 25 March due to positive signals received from global markets. Both Sensex and Nifty started trading with an edge, which further increased the assets of investors.
Strong start of market in pre-open session
Today, there was a positive trend before the market opened. The BSE Sensex gained 312 points to open at 78,296, while NSE Nifty rose 93 points to 23,751 levels. Bank Nifty also rose up 170 points to 51,874, indicating that the market is going on.
Sensex crosses 78,700 in early trade
After the pre-open session, the market showed further strength in early trade. By 9:59 pm, the Sensex gained 752.90 points (0.97%) to 78,737.28, while the Nifty was trading at 23,866.20 by jumping 207.85 points (0.88%). The reason behind this boom was the purchase of foreign investors and strong indications from global markets.
Which shares were the top gainer and loser?
In today’s business, Ultratech Cement, HCL Tech, Infosys, Axis Bank, L&T and Tata Motors were the top gainers, which recorded a great edge. At the same time, PowerGrid, Tata Steel, Bajaj Finance and ICICI Bank were seen in red mark and remained in disadvantage.
Positive signs from global markets
Talking about the US markets, in the last season, Dow Jones rose 1.42% to 42,583.32, S&P 500 jumped 1.76% to 5,767.57 and NASDAQ 2.27% with a gain at 18,188.59. Japan was trading in green mark in Asian markets, while Seoul was in red mark. These strong global signs further enhanced the trust of investors in the Indian market.
27 lakh crore increase in investors’ assets
Earlier on March 24, there was a tremendous rise in the market. The Sensex jumped 1,078.87 points (1.40%) to close at 77,984.38, while the Nifty rose by 307.95 points (1.32%) to a level of 23,658.35. In six consecutive sessions, the Sensex has risen 4,155 points and the Nifty is 1,261 points. During this period, the total assets of investors have increased by Rs 27.10 lakh crore.
6.53% gained so far in the month of March
Since the beginning of March, the Sensex has gained 4,786.28 points i.e. 6.53%. This rapidly coming in the market has increased the confidence of investors and there is an atmosphere of shopping.
Fiis’s huge purchase increased the market speed
Foreign institutional investors (FIIs) made buying Rs 3,055.76 crore in the Indian equity market on 24 March. This clearly indicates that foreign investors are expressing confidence in the Indian market, which can work to strengthen the market in the coming days.
