Stock market strengthened, Sensex jumped 426 points and crossed 53 thousand, Nifty also at 15,900



Stock Market: The Indian market has started flat on Monday, the first trading day of the week. However, now the market has strengthened. Sensex jumped 426 points and crossed 53 thousand. At the same time, Nifty is also trading at 15,900. Although the market had reached the red mark after opening in the green mark, but now the market is seeing good momentum. Sensex is trading 426.53 points higher at 53,240.15 points. At the same time, Nifty is trading at 15,932.60 with a gain of 149 points.

buying auto stocks

Buying is being seen in auto stocks on the first trading day of the week. Maruti’s shares are seeing a rise of about two percent. At the same time, Mahindra’s shares are up more than one percent. Apart from this, shares of Tata Steel, Titan, HCLTech, Wipro, HDFC Bank etc. are also seeing a rise. However, the volatility in the market is considerable.

up after six days of decline

The Indian stock market has returned after six consecutive days of decline. On Friday, the 30-point Sensex closed at 52,793.62 points, down 136.69 points at the end of trading. On the other hand, Nifty closed at the level of 15,782.15 with a loss of 25.85 points. Being the last trading day of the week, there was also a period of profit making in the market.

Losses to eight of the top 10 companies

The market capitalization (market cap) of eight of the top 10 Sensex companies fell by Rs 2,48,372.97 crore last week due to market breakdown. During this, Reliance Industries had to bear the maximum loss. Last week, the 30-share BSE Sensex lost 2,041.96 points or 3.72 per cent. Market valuations of Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Infosys, ICICI Bank, State Bank of India (SBI), HDFC and Bharti Airtel declined during the week.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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