Sensex and Nifty There was a great boom in the market on Wednesday. This boom returned due to the return of the National Democratic Alliance (NDA) government at the center and the hope of Prime Minister Narendra Modi becoming the PM once again. The BSE Sensex jumped 2303.19 points and closed at 74,382.24 points. Similarly, the NSE Nifty rose 735.85 points to reach 22,620.35 points. Today, there was a tremendous boom in all the stocks including banking, IT, pharma, FMCG, auto in the market.
Investors’ wealth increased by Rs 13 lakh crore
Due to the return of tremendous growth in the stock market, investors earned a lot today. The wealth of investors increased by about 13 lakh crores in a day. Actually, after the big fall yesterday, the market cap of the companies listed on BSE had come down to 3.94 lakh crores, which has reached 4.07 lakh crores today due to the return of growth. In this way, investors earned 13 lakh crores. Yesterday, investors had to suffer a huge loss of 30 lakh crores.
Buying returned in the stocks of these companies
Let us tell you that the markets fell sharply on Tuesday after the Bharatiya Janata Party (BJP) led National Democratic Alliance (NDA) got less majority than expected in the general election results. Out of the 30 companies listed on the Sensex, Mahindra & Mahindra, Hindustan Unilever, Asian Paints, IndusInd Bank, Kotak Mahindra Bank and Nestle’s shares rose the most. In Asian markets, South Korea’s Kospi was in profit, while China’s Shanghai Composite, Hong Kong’s Hang Seng and Japan’s Nikkei were in loss. US markets closed with a positive trend on Tuesday. Global oil benchmark Brent crude futures were trading 0.04 percent lower at US $ 77.49 per barrel. According to stock market data, foreign institutional investors (FIIs) remained sellers in the capital market on Tuesday and sold shares worth Rs 12,436.22 crore net.
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