Stock Market Today: Stock market with great speed, Sensex rose 600 points, Nifty crosses 24,200
New Delhi:
On Monday i.e. April 28, the Indian stock market made a great opening. In early trade, both Sensex and Nifty were seen in the green mark. In early trade, the Sensex gained 638.25 points (0.81%) to 79,850.78 at 9:47 am, while the Nifty was trading at 24,213.65 with a gain of 174.30 points (0.73%).
Out of 30 Sensex’s 30 shares, 16 shares appeared in green mark. Among them were Reliance Industries, ICICI Bank, State Bank of India, Mahindra & Mahindra and Sun Pharma Top Gainers.
Talking about the sectoral index, all the sector except FMCG, media and IT were trading in green mark, which saw a rise of up to 0.83 percent. The broader market also had a slight increase, where BSE midcap rose 0.50 percent and smallcap index 0.09 percent.
Last week, the market was strengthened
Last week, the Indian stock markets closed firmly. Between 21 and 25 April, the Sensex had a gain of 659.33 points i.e. 0.83%. At the same time, the Nifty also increased by 187.7 points i.e. 0.78%. Due to this boom, out of the top 10 companies in the country, the total market cap of 6 companies increased by Rs 1.18 lakh crore.
Increasing trust of FPI
Last week, foreign investors (FPI) made tremendous invested in the Indian market. According to depository data, between 21 and 25 April, the FPI invested around Rs 17,800 crore in the equity market. Apart from this, domestic institutional investors (DII) also invested about Rs 1,132 crore in the cash segment. Earlier, in the week ended April 18, the FPI also made a net investment of Rs 8,500 crore, which shows the trust of foreign investors in the market.
The reason behind the boom of the market
This boom in the stock market is dependent on many factors, including frequent investment of FPIs, strong global signals and good quarterly results of Indian companies. Market experts believe that if these positive signs continue, then Sensex and Nifty can make new records in the coming days.