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HomeMoneyAfter opening with a fall, there was a great rise in the...

After opening with a fall, there was a great rise in the stock market, the Sensex rose up to 960 points!

Highlights

  • Sensex improved by 960 points from the day’s lowest level during trading and finally closed at 57,420.24 points with a gain of 295.93 points or 0.52 percent.
  • Nifty gained 82.50 points, or 0.49 percent, to close at 17,086.25.
  • Tech Mahindra was the biggest gainer with Sensex shares rising more than three percent

Mumbai
Share Market Rise Today: BSE Sensex closed with a gain of 296 points on Monday. Stocks of ICICI Bank, HDFC Ltd., HDFC Bank and Tech Mahindra, which have strong shares in the index, gained in the market with gains in the market. The 30-share Sensex rose 960 points from the day’s lowest level during trading and finally closed at 57,420.24 points, up 295.93 points, or 0.52 per cent. Similarly, the Nifty of the National Stock Exchange gained 82.50 points, or 0.49 percent, to close at 17,086.25.

Tech Mahindra was the top gainer with Sensex shares rising over three per cent. Besides, Dr. Reddy’s, PowerGrid, Kotak Bank, Sun Pharma, ICICI Bank and Mahindra & Mahindra also gained. On the other hand, losers included IndusInd Bank, Asian Paints, Maruti and Bharti Airtel.

Now money can be called from abroad also through UPI, IndusInd Bank has started this facility for the first time in the country

Why did the stock market fluctuate so much?
Narendra Solanki, Head of Equity Research (Fundamental) Anand Rathi said, “Indian market opened in losses amid mixed trend in Asian markets. The reason for this is rising concern over Omicron amid lower trading on the back of holiday.” The market rebounded in afternoon trade with gains in health, industrial and capital goods companies.

Solanki said, “Businessmen were encouraged by the words of a member of the Monetary Policy Committee (MPC). He has expressed hope that capital investment will increase for the next few quarters and the economic growth rate will be better in the next financial year as well.

In other markets in Asia, Shanghai Composite in China, Cospi in South Korea and Nikkei of Japan ended with losses, while Hong Kong’s Hang Seng edged up. Major markets in Europe were mixed in afternoon trade. Meanwhile, international oil benchmark Brent crude rose 0.01 per cent to $75.78 a barrel.

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