The stock market is witnessing a tremendous rise. On the last day of the week i.e. Friday, the Sensex opened 600 points higher at 79,754.85 level, while the Nifty opened 200 points higher at 24,334.85 level. All the shares of BSE Sensex are green. Out of the top 30, Mahindra & Mahindra’s stock has seen the highest rise of 2.77 percent. It is followed by Tata Motors, Tech Mahindra, TCS, JSW Steel and ICICI Bank.
By 9.30 am, the Sensex was trading at 79,916, up 812 points. Nifty jumped 243 points to 24,387. Talking about Bank Nifty, it was trading at 50,234, up 507 points. The reason for this spectacular rise in the stock market is being seen due to the surge in the US market.
Sensex and Nifty have gained on Friday due to the rise in the global stock market. The fear of recession has reduced after the employment and expenditure data in America, due to which there is a good rise in the stock market today. Due to the rise in the market, the market capitalization of companies listed on BSE increased by Rs 3.87 lakh crore from Rs 444.29 lakh crore to Rs 448.16 lakh crore on Friday. That is, the valuation of investors has increased by about Rs 4 lakh crore.
Zensar Technology has gained 6 percent, First Source Solutions has gained nearly 8 percent, CDSL has gained 4 percent, Ola Electric has gained 11 percent, RVNL has gained 4 percent and DLF has gained 4 percent. Apart from this, Mpaisa has gained 5 percent, L&T Tech has gained 4.32 percent and Apollo Hospitals has gained 3 percent.
Today, 54 stocks on NSE are in upper circuit, while 30 stocks are trading in lower circuit. 49 stocks are at 52-week high level. 16 stocks are trading at 52-week low level. Out of total 2,269 stocks on NSE, 1,777 stocks are trading on the rise. 441 stocks are witnessing decline. No change has been seen in 51 stocks.
(Note- Before investing in any stock, please seek the help of a financial advisor.)
Source (PTI) (NDTV) (HINDUSTANTIMES)