Last Updated on 26/07/2024 by wccexam Desk
On the last day of the trading week, Friday, the stock market witnessed a strong rally. Despite mixed global signals, the Indian stock market had a strong opening and a strong closing.
Sensex registered a gain of more than 1300 points, while Nifty saw a strong jump of 440 points. On Friday, Sensex opened at 80,158.50 points, and at the end of trading, it rose 1,347.36 points to reach 81,387.16 While the Nifty opened at 24,423.35 points and finally closed at 24,849.60 points, up 443 points.
Tremendous rise in these 10 stocks
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If we talk about the rise, then the shares of telecom companies saw a good rise. Among the top 30 companies of Sensex, Airtel’s share saw the highest rise of about 5 percent. Voda Idea’s share also rose 5 percent.
Apart from this, in large cap, Apollo Hospitals gained more than 4%, Adani Ports gained 4%, Adani Enterprises gained 4%. Wipro’s stock registered a spectacular rise of 3.64%.
At the same time, Paytm’s stock hit an upper circuit of 10 percent, while Shriram Transport Finance’s stock registered a gain of more than 9 percent. Bus manufacturing company Ashok Leyland’s stock also saw a 6 percent rise. MGL’s stock rose by 5.31 percent.
These stocks also rose sharply
Shares of Shriram Finance rose 9.18 percent to close at Rs 2,925. Shares of Divi Lab rose 5.36 percent to close at Rs 4790. Shares of Tata Power rose 5 percent. Shares of Ashok Leyland rose 6 percent to close at Rs 246. Shares of Amara Raja Energy rose 7 percent to close at Rs 1680. Five Star Business also rose nearly 5 percent
Let us tell you, there was a sharp decline after the capital gains tax was increased on the day of the budget. After that, the market was trading in a range on Wednesday and Thursday. But on Friday, there was a stormy rise in the stock market, and investors became rich.
(Note- Before investing in any stock, please consult your market expert.)