Today, India has become the sixth largest stock market in the world, surpassing Britain. According to Bloomberg, the market capitalization of the Indian stock market is $ 3.16674 trillion while that of the UK stock market is $ 3.1102 trillion. Talking about the largest stock markets in the world, America’s stock market capitalization is $ 46 trillion, while China’s stock market capitalization is $ 11.13 trillion at number two, Japan’s stock market capitalization at number three is $ 5.78 trillion, Hong Kong $ 5.5 trillion at number four. And number five is Saudi Arabia’s stock market with $3.25 trillion.
At the same time, there was a boom in the stock market today on the basis of the results of the assembly elections of five states. NSE’s main index Nifty50 climbed 249 points to 16,594 and BSE’s main index Sensex climbed 817 points to end at 55,464. If the Nifty IT index is excluded, then all the indices of the market were bullish.
boom in banking sectorToday almost all the banking sector stocks performed well in the market. The biggest gain was in the stock of state-run bank SBI. The bank’s stock closed at Rs 468.70, up 3.76 per cent on the NSE, while HDFC Bank, the largest private sector bank, gained 1.57 per cent. With this, IndusInd Bank rose by 3.31 per cent, Axis Bank by 3.08 per cent and Federal Bank by 2.43 per cent.
Top 5 stocks of Nifty: On Nifty 50 today 44 stocks saw an increase while 6 stocks fell. The biggest gain of 5.21 percent was in the shares of FMCG product maker Hindustan Unilever. It was followed by Tata Steel 4.25 per cent, Grasim 4.12 per cent, SBI 3.76 per cent and JSW Steel 3.76 per cent.
Continuing uptrend since the third day: The stock market had remained bullish since the exit polls were released. This is the third day when the stock market closed sharply. During this, Nifty 50 has gained about 950 points. At the same time, a jump of about 2500 points has been seen in the Sensex during this period.