new Delhi. Today the stock market was trading with fluctuations since morning. There was a time when the market dived more than 250 points. But with the pace of the auto sector, the market started racing and closed with a gain of over 200 points. Today, the stock market set a big new record with 44215 points and the Nifty 50 touched the A record with 12948 points. Auto and bank shares were the main reason for this boom. Mahindra & Mahindra and Tata Motors shares rose more than 10 percent.
Stock market boom
Today the stock markets closed with record points. Both the major market indices closed with good scores. Firstly, the Bombay Stock Exchange’s main index Sensex gained 227.34 points to close at 44180.05 points. While today the Sensex reached a high of 44215.49 points, which reached the all-time hike of the Sensex. The National Stock Exchange’s major index Nifty 50 gained 64.05 points to end at 12,938.25 points. Earlier, the Nifty closed at 12,948.65 points during the trading session. BSE Smallcap 143.96, BSE Mid-cap 196.78 and CNX Midcap 271.90 have closed with a gain.
Big boom in auto and banking sector
Talking about the sectoral index, today the auto and banking sector in the stock market was in a rage. BSE Auto closed at business level with a gain of 592.17 points. Bank Exchange 681.96 and Bank Nifty gained 568.50 points. Capital goods was the biggest gainer of 605.22 points. BSE Metal 48.06 and BSE PSU 44.82 points have seen a slight rise. In contrast, consumer durables 131.03, BSE FMCG 126.39, BSE Healthcare 103.71, BSE IT 224.39, BSE Tech 101.15 and oil and gas closed down by 40.82 points.
Auto stocks boom
Today there is a big boom in the stocks of auto companies. Mahindra & Mahindra shares have gained 11 per cent. While shares of Tata Motors have gained 10 per cent. Shares of L&T, Bajaj Finserv and IndusInd Bank have seen gains of up to 6 per cent. On the other hand, Bharat Petroleum Corporation 2.94 per cent, Hindustan Unilever 2.09 per cent, ITC 1.76 per cent, Dr Reddy Laboratories 1.68 per cent and Titan Company shares have fallen by 1.68 per cent.