Share Market Update : There was a strong surge in the domestic stock markets on Monday due to the resounding victory of the BJP-led alliance in the Maharashtra Assembly elections and buying in the shares of big companies. Due to the victory of Mahayuti, investors earned Rs 13 lakh crore in the stock market in 2 days. Sensex jumped by about 993 points and Nifty also rose by 315 points.
BSE’s benchmark index Sensex based on 30 shares closed at 80,109.85 points, rising 992.74 points or 1.25 percent, continuing the rise of the previous session. At one time during trading it had increased by 1,355.97 points to reach 80,473.08 points.
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The standard index Nifty of National Stock Exchange (NSE) rose by 314.65 points or 1.32 percent to reach 24,221.90 points. Among Sensex companies, shares of Larsen & Toubro, State Bank of India (SBI), Adani Ports, Reliance Industries, Power Grid, ICICI Bank, HDFC Bank, Tata Consultancy Services (TCS), Kotak Mahindra Bank and Axis Bank were the biggest gainers. .
On the other hand, shares of JSW Steel, Tech Mahindra, Infosys, Maruti Suzuki, Asian Paints and HCL Tech were in a declining trend. Meanwhile, it has been decided to include online catering supplier Zomato in the BSE Sensex group in place of JSW Steel from December 23. This is part of the latest Sensex realignment announced by Asia Index Pvt Ltd, a subsidiary of BSE.
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VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said the market had shown its ability to surprise everyone on Friday with the Nifty rising by 557 points and this trend continued on the basis of the excellent performance of the BJP-led alliance in Maharashtra. Remained. This election has a broader political message and from a market perspective it is extremely positive.
BJP has performed brilliantly in the Maharashtra election results declared on Saturday. The BJP-led Mahayuti alliance has returned to power by winning a record number of seats. In other markets of Asia, South Korea’s Kospi and Japan’s Nikkei closed with gains, while China’s Shanghai Composite and Hong Kong’s Hang Seng were in decline.
European markets were in gains in afternoon trading. On Friday, US markets closed in positive territory. Global oil benchmark Brent crude fell 0.40 percent to $74.87 per barrel. According to stock market data, foreign institutional investors (FIIs) made a net sale of shares worth Rs 1,278.37 crore on Friday.
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On Friday, BSE Sensex closed 1,961.32 points higher at 79,117.11 points and Nifty closed 557.35 points higher at 23,907.25 points. (input language)
Edited By : Chetan Gour
