Sensex rises 1000 points, Nifty crosses 24000 after three months, investors’ capital increased by 7 lakh crores

Stock market boom today: The Sensex and Nifty have managed to regain the level of 79000 and 24000 respectively after three months due to the return of foreign investors and a great rise in banking-finance shares. After aggressive buying, the Sensex rose 1067.49 points to a high level of 79620.69. Which was trading at 12.55 pm at 1042.26 points at 79594.96.

Indication of nifty boom

The Nifty opened at 23949.15 today and reached 24188.85. At 12.56 pm, it was trading up 332.35 points at 24184. Today, 43 shares of Nifty 50 were trading up by 6 per cent. Whereas 7 saw a decline of up to 2.00 percent.

FII investment of Rs 14670 crore

The FII has returned to the Indian stock market amidst the weakening of the dollar index globally and the economic recession. Foreign investors have withdrawn a total of Rs 1,000 crore. There has been a turnover of Rs 100 crore in the last three trading sessions. A purchase of Rs 14670.14 crore has been recorded. The stocks have gained momentum due to increasing investment in banking and finance. On the other hand, domestic GDP growth signs, the arrival of US Vice President JD Vance’s India has increased the possibility of agreement on tariff issues between India and the US and trade agreements. Which has had a positive impact on the stock market.

Investors’ capital increased by 7 lakh crores

Due to overall improvement in the stock market, investors’ capital increased to Rs 7.06 lakh crore today. The market cap of BSE increased by Rs 419.06 lakh crore on Thursday by Rs 419.06 lakh crore. 426.12 lakh crores 332 shares have an upper circuit. The 100 stocks have reached their highest point of the year.

Banking, power-energy shares rise

Strong quarterly results of private banks. Banking and finance stocks have seen a boom due to better net interest margin and attractive evaluation. IndusInd Bank is trading 5.38 per cent, Yes Bank 4.75 per cent, Axis Bank 3.16 per cent, SBI shares are trading up 3.00 per cent. The index increased by 1.86 percent to 1.71 percent due to increasing purchases in power and energy stocks. The oil and gas index is also trading above 2.03 percent.