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Friday, 5 February 2021

The Modi government made this big announcement regarding the epidemic / epidemic relief, Corona case.

Stock market: Sensex crosses 51,000 for first time, Nifty crosses 15,000; Shares of SBI, Kotak Mahindra rise.Shares of Axis Bank, Bharti Airtel, ICICI Bank, Maruti Suzuki, HCL Tech fall.

Shares of Axis Bank, Bharti Airtel, ICICI Bank, Maruti Suzuki, HCL Tech fall.

The stock market witnessed a strong rally ahead of the Reserve Bank's Monetary Policy Committee (MPC) meeting. The Sensex crossed the 51,000 level for the first time. Apart from this, the Nifty also crossed the 15 thousand level. The Sensex rose 117 points to close at 50731 on the last day of the week. The Nifty rose 28 points to close at 14924.

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At 9.40 am, the Sensex was up 355 points at 50,969. It has top 5 banking shares including SBI, IndusInd Bank. Similarly, the Nifty index traded up 84.70 points at 14,980. The Sensex crossed the 50,000 mark on January 21 and is now up 1,000 points in just 15 days.

The reason for the record-breaking boom in the market

Joe Biden became the new president of America. Investors hope the new relief package will be approved soon.

Foreign Institutional Investors (FIIs) continue to invest. According to NSDL, investments of Rs 20,236 crore have been made so far in January.

Strong fight against the Corona epidemic. The country is constantly receiving positive updates about vaccinations.

Also the effect of strong local signals. Power consumption, manufacturing PMI data, recovery in GDP and other positive statistics have an impact.

62% increase in shares on the exchange

2209 shares are being traded on the exchange. There is an increase of 1362 shares and a decrease of 750 shares. Of these, 204 shares are trading at a one-year high. Due to the record increase, the market cap of listed companies has reached Rs 201.44 lakh crore.

Yesterday, for the first time, the market cap of listed companies crossed Rs 200 lakh crore.

The total market cap of BSE-listed companies stood at Rs 200.47 lakh crore on Thursday. The market's leading index also closed at record levels. The Sensex gained 358 points to close at 50614.29 and the Nifty closed 105 points higher at 14895. Shares of government banks and the FMCG sector were at the forefront of market growth. Foreign Institutional Investors (FIIs) bought shares worth Rs 1,936.74 crore yesterday, according to provisional data from the National Stock Exchange (NSE). Domestic institutional investors sold shares worth Rs 768.55 crore.

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