The stock market is witnessing a tremendous boom. On the last trading day of the week, the Sensex rose more than 1000 points to reach 79,984.24. Talking about Nifty, it jumped 256.50 points to reach 24,373. However, Nifty opened at 24,386.85 points today, while Sensex opened at 79,984.24. At the same time, all the stocks among the top 30 of Sensex have jumped.
Tech Mahindra shares have gained 2.6 percent, crossing 1500. After this, Tata Motors shares have gained 2.5 percent. Shares of HCL, Mahindra & Mahindra and NTPC have also gained 2 percent. Apart from this, Hindustan Unilever shares have seen the least growth among the top 30. Bank Nifty has gained 400 points.
Tremendous rise in these 10 stocks
Defense sector stock Cochin Shipyard’s shares have risen by 5 percent. Affle India’s shares have risen by 6 percent. After this, CAMS has risen by 3.86 percent. In midcap stocks, OFSS shares are trading up by 4 percent, HPCL shares by 3 percent, MPesa shares by 3 percent, Eicher Motors shares by 4 percent, ONGC shares by 3.36 percent and ABB India shares by 3.71 percent.
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Why did the stock market suddenly surge?
The US market has seen a great rise last night. The Nasdaq index has seen a rise of 2.87 percent, while the Dow Zone has seen a rise of 1.71 percent. Apart from this, the Japanese stock market has seen a rise of 1.26 percent. Due to the good rise in these markets, the Indian stock market is witnessing a rise today.
Let us tell you that due to the fear of recession and the indication of Iran-Israel war, the markets from Europe to America had fallen sharply, but now there is some stability there and investors still have faith in the global market, due to which there has been a good rise. Seeing the rise in the global market, the sentiment of the Indian market has also changed and today a great rise is being seen. Apart from this, the quarterly results of LIC and other companies have also affected the stock market.
Source (PTI) (NDTV) (HINDUSTANTIMES)