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Sensex rises on the second day of the week: Investors earn Rs 1 lakh crore

Story Highlights
  • At the close today, the Sensex rose by 557 points and settled at 48944 points.
  • The wide-based National Stock Exchange Nifty rose by 168 points to close at 14,653 points.
  • Investors' assets grew by at least Rs 1 lakh crore in today's session.
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Investors, who were reassured by the pace of corona vaccination in the country and the immediate response of the central government to the slowdown in the corona outbreak in Mumbai, continued to buy in the capital market on Tuesday. At the close today, the Sensex rose by 557 points and settled at 48944 points. The wide-based National Stock Exchange Nifty rose by 168 points to close at 14,653 points. Investors’ assets grew by at least Rs 1 lakh crore in today’s session.

Today’s session saw a buying trend in banks, financial services, and bluechip stocks. In the Sensex, 24 out of 30 stocks closed higher. Among the gainers were Reliance Industries, HDFC Bank, L&T, ICICI Bank, Bajaj Finance, and SBI. Maruti Suzuki, NTPC, and Nestle declined.

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Shares of IRCTC, Jubilant Foodworks, Chalet Hotels, and Indian Hotels rose in the tourism and hospital sectors today. The Nifty Midcap and Nifty Small Cap Index rose for the fifth consecutive session on the National Stock Exchange. Regional indices like Nifty PSU Bank, Nifty Pharma, etc. rose. The Nifty Bank index rose by 450 points today.

The rupee performed well against the dollar in the currency market today. The rupee recovered from devaluation. It rose 14 paise against the dollar to 74.59. The second wave of coronas is raging in the country. The state and central governments are working hard to stem the tide. The government on Monday succeeded in curbing the daily increase in the number of patients due to severe lockdowns in Maharashtra and Mumbai. Geojit Financial Services’ chief stock market analyst V.K. K. Vijaykumar said.

The Sensex had gained 508 points in the previous session on Monday. The Nifty was up 143 points. US capital markets were bullish on Monday.

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