- The Sensex and Nifty rallied today on the back of the negative sentiment
- The Sensex gained 800 points on buying by investors
- In today's bullish wave, investors' wealth has increased by at least Rs 2 lakh crore.
The Sensex and Nifty are expected to rebound today on the back of negative growth in the third quarter. The Sensex has gained 800 points on investor buying. The wide-based National Stock Exchange Nifty has gained 250 points. The surge has cost investors at least Rs 2 lakh crore.
The new month has started today and the Sensex and Nifty have made strong starts in the first session. The Stock market is bullish on positive signals in Asia. Banks, financial institutions, auto, metal, realty, there is a flow of buying.
The United States has approved a $ 1.9 trillion economic package. Against that backdrop, stock markets in Asia are bullish today, stockbrokers said. Apart from that, crude oil prices have risen in the global commodity market. The price of oil has gone up to $ 65. Rising fuel demand is a sign that the economy is recovering.
The Indian economy grew in the third quarter of this year. As a result, the market environment has changed. On Friday evening, the central government released the growth rate figures. The Indian economy has recovered from the devastation caused by the Corona crisis. Fiscal from October to December Growth rate increased Is. The economy grew at a slower pace of 0.4 percent for the second consecutive quarter. (GDP 0.4 percent in the third quarter) So it is said that the Indian economy, which is technically stuck in a recession, has been released.
At present, the Sensex is up 885 points at 49985 points. The wide-based National Stock Exchange Nifty rose by 267 points to 14,795 points. In today’s bullish wave, investors’ wealth has increased by at least Rs 2 lakh crore.
Today, 27 out of 30 stocks on the Sensex are up. Bluechip stocks like HDFC, ICICI Bank, HDFC Bank, Reliance Industries, Infosys, TCS have risen sharply. Among telecom stocks, Bharti Airtel has lost 5 percent. HUL, Dr. Reddy’s Lab is down.
Even in the automotive industry, investors are buying well today. Shares of Mahindra & Mahindra, Maruti Suzuki, Tata Motors, TVS, Bajaj Auto, Ashok Leyland, and MRF rose. All sectoral indices on the Nifty have risen. Among them, Nifty IT, Nifty Auto, and other indices have risen by 2 percent.
Investors had lost Rs 5.43 lakh crore on Friday
The rise in the number of Corona patients, the rise in inflation, and the negative signals in the US have put investors in the capital market today. Today, the BSE Sensex fell by 1939 points. The wide-based National Stock Exchange Nifty fell by 568 points. Investors lost Rs 5.43 lakh crore in today’s fall. The fall was so severe that investors were hit by Rs 1,450 crore every minute. All the stocks on the Nifty platform fell. Earlier, after May 4, 2020, the stock market fell again today.