Publish Date: | Mon, 30 May 2022 06:36 PM (IST)
Share Market Update: The Indian stock market, on Monday, 30 May, closed for the third consecutive day with a significant increase. With this, the Sensex has reached the highest level since May 5. The Indian stock market today benefited from the rise in the stock markets around the world and the fall in the US dollar index. Apart from this, many quality stocks had come to attractive levels due to the market fall in the last few weeks, in which the indices also jumped on Monday due to heavy buying. Apart from this, there was a huge jump in the indices of small and medium companies on Monday. Both the BSE Midcap and Smallcap indices gained over 2 per cent on Monday.
Where did the index reach?
The 30-share index Sensex (Sensex-30) of the Bombay Stock Exchange (BSE) closed at 55,926 points with a gain of about 1,041 points, or 1.9 per cent, today. In the last three trading days, the Sensex has climbed around 2,100 points. At the same time, the 50-share index Nifty (Nifty-50) of the National Stock Exchange (NSE) closed at Rs 16,661.4 with a gain of 309 points or 1.9 per cent today. Sectors that saw stocks fall in the past few weeks, all showed a bullish trend on Monday. The BSE IT index rose nearly 4 per cent on Monday, compared to a fall of nearly 10 per cent in April.
benefit to investors
With this boom in the stock market, the market capitalization of companies listed on BSE has increased by about Rs 10 lakh crore in the last three trading days. That is, in the last three trading days, the wealth of investors has increased by about Rs 10 lakh crore. The market capitalization of companies listed on the BSE has also now risen to Rs 258.48 lakh crore, from Rs 248.27 lakh crore at the close of business on May 25.
What was the reason for this?
According to market experts, the market is showing a bullish trend. US stock markets also rose last week. Apart from this, the fall in the US dollar index and the 10-year bond yield of the US also seems to strengthen the market. Also, investors are looking positive for investing in emerging countries like India. The effect of all this is visible on the index of the stock market.
Posted By: Shailendra Kumar