The total market cap of companies listed in BSE increased to about ₹ 426 lakh crore as compared to the previous season.
The Indian stock market made a strong jump on Monday amidst the ongoing tension from Pakistan after Pahalgam attack. The BSE Sensex closed at 80,218.37 levels at the end of the Sensex trading at 80,218.37 after a strong jump of 1005.84 points or 1.27 percent. Similarly, NSE Nifty also closed at 24328.50 levels with a gain of 289.15 points or 1.20 percent. The total market cap of companies listed in BSE has increased from about ₹ 422 lakh crore to about ₹ 426 lakh crore due to a strong gain in the market today. That is, the investor today increased by about ₹ 4 lakh crore in one day business.
Why the market jumped
According to PTI, VK Vijaykumar, the main investment strategist by Geojit Investment Limited, said that the main factor contributing to the strength of the market is the continuous purchase made by the FII in the last eight days. The FII has played the role of a constant buyer by making dramatic changes in its continuous sales strategy. It is a relatively low performance of American stocks, American bonds and dollars. Foreign institutional investors (FIIs) on Friday 2,952. Bought shares worth Rs 33 crore. Foreign investors invested Rs 17,425 crore in the country’s stock markets last week.
Which stock stirred more
Reliance Industries gained 5.27 percent to gain the highest profit in Sensex stocks. From oil to retail veteran company recorded an increase of 2.4 percent in net profit in the March quarter, which is more than market estimates. Mahindra & Mahindra rose by 29 percent, when the auto chief announced the acquisition of Rs 555 crore of SML Isuju. On the other hand, the shares of SML Isuzu Limited declined by 10 percent. Sun Pharma, Tata Steel, State Bank of India, Axis Bank, Tata Motors, Larsen & Tubero and ICICI Bank were also in the benefit of Sensex. HCL Tech, UltraTech Cement, Nestle and Hindustan Unilever lagged behind.
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