Mumbai: Even after Budget Day, the stock market has seen a great boom. Investors are shopping fiercely in the market since 2 days. In today’s trade, the Sensex has gained 1197 points to close at 49,797.72. At the same time, the Nifty also strengthened by 367 points and closed at the level of 14648. On its first Budget Day, the Sensex was strengthened by about 2314 points and closed at the level of 48,601. At the same time, the Nifty also closed with a gain of 647 points at 14281. Today, Bank Nifty has crossed over 34,000 due to strong buying in banking shares. Apart from banks, financials, there is strong buying in IT and auto sector. Today, if we talk about global signals, there are good signs from American and Asian markets. Dow futures are up about half per cent. There has been a fierce rally in Asian markets. All three major US markets closed on Monday as well.
In this boom of the market, investors’ wealth increased by 4.4 lakh crores today. On the budget, the market cap of BSE listed companies was 1,92,46,713.70 crore which increased to 1,96,83,687.89 crore on 2 February. That is, there was an increase of about 4.4 lakh crores. Whereas from the budget till now it has increased by about 6.7 lakh crores. The market cap of BSE listed companies on January 29 was 1,86,12,644.03 crore.
In today’s trade, 27 stocks of Sensex 30 have seen a boom. SBI and UltraTech Cement are up 7 percent and HDFC Bank is up 6 percent. 5 per cent in LT and Airtel and Maruti is up 3.5 per cent. Kotak Bank and Sun Pharma have more than 3 percent and PowerGrid has been growing at around 3 percent. HDFC was also up 3 percent. Bajaj Finserv, Titan and HUL were the only losers.
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