Business

The stock market again created history, Sensex jumped 217 points and crossed 58 thousand

Indian Stock Market Records: There is a continuous boom in the Indian stock market. The stock market has once again created history. For the first time, the Sensex has crossed 58 thousand. The Sensex jumped 217 points to reach 58,069 in the opening session on Friday. On the other hand, Nifty rose 66.20 points to reach a record 17,300. A day earlier too, the BSE Sensex closed at a new record high by jumping 514 points on Thursday. NSE Nifty also climbed 157.90 points to close at the highest level of 17,234.15.

Today, which stocks will rise and fall the most throughout the day, its report will be available by evening. However, with the gain of 3.34 percent in the Sensex stocks yesterday, TCS’s stock was the biggest gainer. Besides, HUL, UltraTech Cement, Dr. Reddy’s, Nestle India, Kotak Bank, and Titan were the major gainers.

On the other hand, Mahindra & Mahindra’s stock declined the most by 2.29 per cent. The company said it would reduce production by 25 percent due to semiconductor shortages globally. Due to this the company’s stock came down. Other losers included Bajaj Auto, Bajaj Finserv, Bajaj Finance, Asian Paints and L&T. Of these, there was a decline of up to 0.79 percent.

Narendra Solanki, Head of Equity Research, Anand Rathi said, “The opening in the domestic markets was positive amid a mixed trend in Asian markets ahead of the US employment data. In the afternoon trade, traders continued to buy as traders continued to gain momentum in the market. The domestic stock market rose amid a mixed trend at the global level.

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Shivam Bangwal

Shivam Bangwal is a young entrepreneur who hails from Uttarakhand. Shivam is a professional full time Digital Marketing and PR expert with a post graduation degree of Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Branding Panther and Digital Leader.

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