A tremendous rise was seen in the market in the last trading session of the week. Nifty closed 261 points higher at 24,334, while Sensex closed 964 points higher at 78,151. Today’s rally increased the market capitalization of BSE listed companies by about ₹36,000 crore, taking the total market cap to ₹480.90 lakh crore. The market was trading in the range of 24,000-24,300 for some time, which was broken today.
Out of 30 Sensex stocks, 24 closed in the green mark (up) and 6 closed in the red mark (down). Tech Mahindra was the biggest gainer, rising about 4%. Other gainers included Kotak Mahindra Bank, TCS, Reliance and Hindustan Unilever. Sun Pharma fell the most by 0.88%. Apart from this, gains were also recorded in Trent, Bharti Airtel and UltraTech Cement.
There was a positive trend for 3 days this week
After closing with a decline last week, Nifty closed on a positive note this week.
Crude oil prices fluctuate due to increasing tension between America and Iran
SBI Funds IPO also opened
IT and financial sector remained the strongest sectors
Sector wise performance:
Nifty IT +2%
Nifty Realty
nifty auto
Nifty Pharma -1.4%
Impact of earnings results
Federal Bank +7.5%
WeWork India -6%
CIT -7.3%
Piramal Fin -2.5%
Shares rising in Nifty 50
Tech Mahindra +4.3%
Kotak Bank
Jio Financial
TCS
Shares falling in Nifty 50
Hindalco
wipro
Dr. Reddy’s
Cipla
Asian market
Talking about global markets, US markets fell yesterday due to fall in semiconductor stocks; The Nasdaq fell about 1.5%. A lot of weakness is being seen in Asian markets. Japan’s Nikkei is trading down 4.2%, while Korea’s KOSPI is closed today.