New Delhi. Even though Bharatiya Janata Party has suffered a major setback in Jammu and Kashmir, BJP has created history in Haryana. The party has returned to power by winning for the third consecutive time. This is the first time in the history of Haryana that a party has returned to power three consecutive times. The election results have not been fully declared yet, but BJP is maintaining a strong lead on 50 seats. The impact of this big political victory was also seen on the stock market, where both the major indices closed with gains. Due to this rise in the market, investors got a profit of about Rs 8 lakh crore.
Tremendous rise in stock market
After 6 days of continuous decline, the stock market closed with a rise on the 7th day and gave relief to the investors. Bombay Stock Exchange (BSE) key index Sensex closed at 81,634.81 points with a gain of 584.81 points. During the day the index reached 81,763.28 points, while its initial level in the morning was 80,826.56 points. Earlier, the Sensex had fallen by about 4,800 points in the last six trading days.
At the same time, the main index of National Stock Exchange (NSE) Nifty also closed at 25,013.15 points with a rise of 217.40 points. Nifty touched a high of 25,044 points during the day, while it had started at 24,832.20 points. Nifty also recorded a decline of 1,400 points in the last six trading days.
Share Market Live| How did the falling share market turn around? |BIZ Market Final Bet| BIZ Tak #ShareMarket #StockMarket #ElectionResults #ElectionResult2024 #HaryanaElectionResult #JammuAndKashmir , @devganrajat9 , @shreyaworld100 https://t.co/6yxVyf7r0k
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Profit of Rs 8 lakh crore
Due to this boom in the stock market, the wealth of investors increased by Rs 8 lakh crore. The market cap of BSE was Rs 4,51,99,444.70 crore on Monday, which increased to Rs 4,59,76,735.49 crore at market close. This rise in the market proved beneficial for investors, who were facing continuous losses for the last few days.
Which stocks saw a rise?
With the rise in the market, an increase was recorded in the shares of many major companies. All 10 shares of Adani Group rose. Shares of Trent rose by up to 8 per cent on the National Stock Exchange, while shares of Bharat Electronics Limited rose by 5 per cent. Shares of Adani Enterprises and Adani Ports closed with a rise of about 5 percent. Apart from this, shares of Mahindra & Mahindra saw a rise of 3.56 percent. Shares of Reliance Industries and HDFC Bank also registered a rise of 2 percent.
falling stocks
However, a decline was also seen in some shares. Shares of Tata Steel closed down by about 3 per cent, while shares of Titan fell by 2.5 per cent. There was a slight decline in the shares of Tata Motors and Bharti Airtel. Shares of SBI Life closed with a fall of more than 3 percent.
