Stock market jumped by 6 lakh crores on the first day of the week

The Indian Stock Market saw a tremendous rise on Monday, April 21. For the fifth consecutive day, the market registered an edge and filled the pockets of investors. The BSE Sensex jumped 855 points to close at 79,408.50, while the Nifty climbed 274 points to close at a record level of 24,125.55. Midcap and smallcap stocks also showed amazing, where the BSE midcap index jumped 2.20 per cent and Smallcap 1.67 per cent.

6 lakh crores increased assets

In the rise of this one day, the assets of investors increased by 6 lakh crores. The total market cap of all companies listed in BSE increased to about 426 lakh crores, which was 420 lakh crores in the last session. If we talk about these five days, the Sensex has jumped a total of 5,561 points (7.5 percent) and the Nifty has added 1,726 points (7.7 percent). Overall, investors have earned around 32 lakh crores in five sessions!

Why the boom in the market

There are many reasons behind the boom in the market, positive outlook on India’s economic health, stability in the quarterly results and most important, a tremendous return of foreign investors. Experts believe that when the whole world is struggling with uncertainty, then India is the only big economy which can show 6 percent growth. The dollar fall and the expectations of a possible trade agreement with the US have also made the market mood and positive.

These shares rained money

Talking about the top gainers of the Nifty, Tech Mahindra (5.14 per cent), Trent (4.32 per cent) and Indusind Bank (4.06 per cent) were at the forefront. At the same time, some stocks like Adani Ports, HDFC Life and ITC closed with a slight decline. Talking about sectoral performance, Nifty Bank recorded a new all-time high touching 1.87 percent. Financial Services, PSU Bank, Private Banks, Auto, IT, Real Estate and Oil-Gais all increased by more than 2 percent.

On Monday, 115 companies touched a new highest level of 52 weeks on BSE, including HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance and Bharti Airtel like veterans. At the same time, 48 companies also touched a minimum level of 52 weeks, such as Dhruva Capital Services and Dalal Street Investments.

Some stocks fell 10 percent

In addition, 23 stocks rose by more than 15 per cent, including companies like Liberty Shoes, Deccan Gold Mines and Hindustan Motors. However, there were also 11 stocks that fell 10 percent or more, such as Franklin Leasing and Trinity League India.

Out of a total of 4,247 stocks, 2,918 stocks climbed, 1,168 fell and 161 did not change. In terms of volume, Vodafone Idea, Yes Bank and Suzlon were the most traded stocks.

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