After the decline in the stock market for the last five business days, a great boom is being seen today. Sensex and Nifty opened on the green mark on the last trading day of the week. Sensex opened at 80,158.50 on Friday, while Nifty opened at 24,423.35. However, after some time Nifty rose 244.30 points to reach 24,650.40 and Sensex jumped 672 points to reach 80,712.
Out of the top 30 stocks of BSE Sensex, 25 stocks are witnessing a rise, while 5 stocks were trading in the red. The highest rise was seen in the stocks of Infosys, Bharti Airtel, TCS, JSW Steel and Sun Pharma. At the same time, the stocks of Tech Mahindra and HDFC Bank were on the decline the most. Due to which Bank Nifty was down by about 150 points.
Why did the stock market rise?
A day earlier, there was a huge decline in the global market, which also affected the Indian stock market. However, today there have been good signals from the global, due to which the Indian stock market is also in the green zone. Apart from this, the stock market has declined every day since the budget. Meanwhile, from retail to big investors are buying, due to which Nifty and Sensex are trading on the rise.
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These 10 stocks are witnessing a stormy rise
Talking about midcap stocks, SJVN shares rose more than 8 percent to Rs 152. Ashok Leyland shares rose nearly 6 percent to Rs 246. Mpaisa rose nearly 6 percent. In small caps, Zensar Technology shares jumped 5.5 percent to Rs 816 per share. Indian Overseas Bank rose nearly 4 percent to Rs 68. Five Star Business rose 3.4 percent to Rs 749.
UCO Bank also gained more than 3 percent. Bharti Airtel was up nearly 4 percent to Rs 1504. Tata Power was trading at Rs 438, up 3.5 percent. On the other hand, shares of Divi’s Labs jumped more than 3 percent.
164 stocks at 52-week high
Out of 2,557 stocks on NSE, 1,879 stocks were trading on the rise. Whereas 617 stocks were on the decline, 61 stocks were unchanged. 164 stocks touched the 52-week high level while only 8 stocks were at the 52-week low level. 109 stocks hit the upper circuit and 10 stocks were seen trading on the lower circuit.