new Delhi. On the first Monday of the year, the stock market witnessed tremendous boom. The stock market got full support due to the large boom in IT and gas and oil sector. ONGC, Oil India Ltd and GAIL saw a gain of over 3 per cent. Talking about IT companies, shares of TCS and Wipro have also seen a big boom. Tata Steel has proved to be the largest gainer share. While the banking sector has closed on the red mark today. Investors had a profit of Rs 2.51 lakh crore due to this boom in the market.
There was an increase in these shares
|company’s name||Share price||Increase in share (in percentage)|
|Tata Consultancy Services||3,039.45||3.80|
Decline in these shares
|company’s name||Share price||Loss in share (in percentage)|
|Kotak Mahindra Bank||1,965.55||-1.43|
|Adani Ports & SEZ||498.90||-0.98|
Tremendous rise in Sensex and Nifty
The stock market reached a new high on the first Monday of the year. The Bombay Stock Exchange’s flagship index Sensex has opened at 48 thousand. The good thing is that the Sensex gained 307.82 points to close at 48176.80 points. According to the data, the journey from 47 thousand to 48 thousand was completed in a week. On the other hand, Nifty 50, the major index of the National Stock Exchange, rose by 114.40 points to close at 14132.90 points. On the other hand, BSE Smallcap 249.80, BSE Mid-cap 257.04 and Foreign Investors Index CNX Midcap closed up by 297.50 points.
In which sector, how much decline and how fast
|Sector||Rise and fall (in numbers)|
|oil and gas||276.55|
Investors gain Rs 2.51 lakh crore
On the other hand, investors also earned a lot. Investors’ earnings are linked to the market cap of BSE. Which today crossed Rs 1,91,79,000.73 crores. The special thing is that the market cap of BSE has increased by more than Rs 11 lakh crore in 7 business days. If we talk today, the market cap of BSE has increased by Rs 2,51,683.34 crore. On January 1, the BSE market closed at Rs 1,89,27,317.39 crore.