Market at new record high
Domestic stocks closed at new record highs on Wednesday due to buying in shares of IT, auto, metal and infra companies. The Sensex closed at a record 60,737.05 points with a gain of 452.74 points. During trading, the Sensex went to an all-time high of 60,836.63. Similarly, the Nifty of the National Stock Exchange closed at 18,161.80 with a jump of 169.80 points, or 0.94 percent. This is also a new record for Nifty. The bullish trend continued in the market for the fifth consecutive trading session.
Among the Sensex companies, the share of M&M climbed more than 5 percent. Powergrid, ITC, L&T, Titan, Tech Mahindra, Tata Steel, Sun Pharma also gained. The market cap of BSE listed companies has crossed Rs 271 lakh crore rapidly in the market.
Investors’ wealth increased by 8.96 lakh crore in 5 days
Investors’ wealth has also jumped by Rs 8,96,772.97 crore in five days due to the sharp rise in the market. A significant trend in the market in the recent past is the firmness in the market despite selling by both FIIs and DIIs. This new trend strengthens the dominance of retail investors and is a success of the buying strategy in the fall.
Market cap of BSE listed companies crosses Rs 270 lakh crore
For five consecutive days, the market cap of BSE-listed companies has crossed Rs 270 lakh crore in Wednesday’s trading. During trading, the market cap of BSE listed companies reached a new record high of 2,71,18,390.15 crores.
The 30-share BSE benchmark index Sensex (Sensex) reached its all-time high of 60836.63 due to the rally for the fifth consecutive session on Wednesday.
Tata Motors stock up 20%
Shares of Tata Group’s automobile company Tata Motors rose 19 percent in today’s business. Private equity firm TPG Group is investing Rs 7,500 crore ($ 1 billion) in Tata Motors’ electric vehicle (EV) company. is going.
With this news, the share of Tata Motors rose 19.29 percent to Rs 502 on the BSE, which is its 52-week high. At the same time, the stock jumped 19.49 percent on the NSE to reach a new 52-week high of Rs 502.92.
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