After a drop of more than 4 percent in 7 days, a recovery is seen in the stock market. While on one hand, stock market investors had suffered a loss of Rs 23.50 lakh crore in 7 business days, on the other hand, within a few minutes investors recovered more than Rs 6.50 lakh crore. On Tuesday, both Sensex and Nifty saw an increase of over one per cent. Sensex once again crossed the level of 78 thousand points. On the other hand, Nifty saw a rise of over 300 points.
The main reason for the rise in the stock market is considered to be the rise in information technology, automobile and energy stocks. A rise is being seen in auto stocks like Mahindra & Mahindra, Tata Motors. On the other hand, shares of IT majors like Tech Mahindra, TCS and Infosys are rising. Let us also tell you what kind of figures are currently being seen in the stock market.
Sensex rises almost 1000 points
After a long time, a good rise is being seen in the stock market. The main index of the Bombay Stock Exchange rose almost 1,000 points and reached the day’s high of 78,309.57 points. While at 11:20 am the Sensex is trading at 78,279.63 points with a gain of 940.62 points. However, the Sensex had opened at 77,548 points. However, before this a drop of more than 3 thousand points had been observed in 7 trading sessions.
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On the other hand, the main index of the National Stock Exchange Nifty is also trading at a good pace. During the trading session, Nifty saw a rise of 296 points and touched the day’s high of 23,750 points. However, at 11:20 am, Nifty is trading at 23,708.55 points with a gain of 254.75 points. However, in the last 7 trading days, Nifty had seen a drop of 1,030.25 points.
increase in these shares
Shares of Tata group’s Trent, ONGC, Mahindra & Mahindra are up about 3 per cent on the National Stock Exchange. On the other hand, shares of Adani Port & SEZ and Titan are seeing an increase of over 2.50 per cent. On the other hand, shares of Reliance Industries on the Bombay Stock Exchange have risen by one and a half percent. At the same time, TCS shares have risen 2.50 per cent. Infosys shares are trading up around 2 per cent.
Investors benefited by Rs 6.55 lakh crore
Due to this boom in the stock market, investors made profits of more than Rs 6.50 crore in a few minutes. In fact, investors’ profits and losses are linked to the market capitalization of BSE. When BSE closed a day earlier, the market capitalization was Rs 4,29,08,846.36 crore, while at 10.30 am the market capitalization of BSE was Rs 4,35,63,865.14 crore. This means there has been an increase of Rs 6,55,018.78 crore. This means that investors made good profits. While in the last 7 business days, investors had suffered a loss of Rs 23.50 lakh crore.
