Market recorded an increase for the second consecutive week, the wealth of investors increased by Rs 7.5 lakh crore

Market recorded gains for the second consecutive week

With the help of strong signals from foreign markets, the stock market has closed with gains for the second consecutive week. With the end of the week’s trading, Sensex and Nifty (Sensex and Nifty) has seen an increase of about 4 percent. This business week of only 4 days due to Holi (stock market this week) The earnings of investors have been more than the gains of the previous week. During this, the total value of investors’ investments on the BSE increased by Rs 7.5 lakh crore. During the week, there were signs of softening in the conflict between Russia and Ukraine and crude oil (Crude OilAlong with the fall in prices, the effect of the steps taken according to the estimates of the Federal Reserve has been seen.

Investors earned Rs 7.5 lakh crore during the week

The second consecutive week was a week of gains for the investors in the market. During this, the total market value of all the companies listed on the BSE rose to Rs 260.37 lakh crore, as against Rs 252.84 lakh crore a week ago. That is, the total market value of all the listed companies increased by Rs 7.53 lakh crore in a week. Due to this, an increase of Rs 6 lakh crore was seen in the market value last week. That is, the value of investors’ investment has increased by Rs 13.5 lakh crore in two weeks.

How was this week’s business

This week trading was seen in the market in only 4 sessions. Markets remained closed on March 18 on the occasion of Holi. Out of 4 trading sessions of the week, 3 sessions saw a rise in the market. During the week, the Sensex closed with a gain of 2314 points or 4.16 percent. At the same time, in 4 sessions, Nifty has closed with an increase of 657 points or 3.94 percent. During the week, all sector indices saw gains. During this, Nifty Auto and Bank indices closed with a gain of more than 5 percent. On the other hand, the realty sector index has registered a rise of about 5 percent. Large cap stocks performed well during the week, with a gain of 4 per cent in the large cap index as against a gain of around 2 per cent in midcap and smallcap.

Why did the market gain

The signals from foreign markets have been very important for this week’s gains in the stock market. Talks between Russia and Ukraine progressed during the week and there are indications that the two countries may reach an agreement soon. For this reason, there was a sharp fall in the prices of crude oil and at one time crude oil, which was close to $ 140 per barrel, came down to the level of $ 100 per barrel. Due to these signals, buying was seen in the market.

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