Stock Tips: The bullish trend in the stock markets continued on Thursday and the BSE Sensex closed with a jump of 777 points. Due to the continued rally in the stock market for the last two days, investors have made a profit of Rs 3.28 lakh crore.
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two days fast fast profit
Investors have increased by Rs 3.28 lakh crore after 2 days of rally in the stock market. Now the total assets of stock market investors have reached Rs 262.57 lakh crore. After the rally in the stock market on Wednesday, the wealth of investors had increased by Rs 2.19 lakh crore. Accordingly, only 2 days of growth in the stock market has brought a gift of Rs 5.47 lakh crore to the investors.
Movement in select stocks
S Ranganathan, Head of Research, LKP Securities, said, “The volatility in the stock market is now approaching its end. Now almost every sector is witnessing movement in the stocks of select companies. The GDP and GST data is being seen. With the help of the market, enthusiasm has increased.At the same time, energy prices are coming down across the world, the number of volatile stocks in the stock market has also come down.Almost all sectoral indices closed in the green on Thursday. “
What was the condition of the market on Wednesday
There was a strong rally in the stock markets on Wednesday and the BSE Sensex closed with a jump of 620 points. Amid a positive trend in global markets, stocks of Reliance Industries, Maruti and State Bank of India, which have a strong share in the index, gained in the market. The 30-share Sensex closed at 57,684.79 points, up 619.92, or 1.09 per cent. Similarly, the Nifty of the National Stock Exchange closed at 17,166.90 with a gain of 183.70 points, or 1.08 per cent.
Which stocks rose on Thursday
IndusInd Bank was the top gainer with BSE Sensex shares rising nearly six per cent. Besides, Axis Bank, SBI, Maruti, Tech Mahindra and Reliance Industries were also the major gainers. On the other hand, the losers included Dr Reddy’s, UltraTech Cement, Sun Pharma, Bharti Airtel and Titan.
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