Stock market jumped with the return of NDA
Sensex rose by 2303 points, investors got bumper earnings
Sensex and Nifty returned a great boom on Wednesday. This boom returned with the return of the National Democratic Alliance (NDA) government at the Center and the hope of Prime Minister Narendra Modi becoming PM once again. BSE Sensex jumped 2303.19 points to close at 74,382.24 points. Similarly, NSE Nifty rose by 735.85 points to reach 22,620.35 points. Today, the market witnessed tremendous growth in all stocks including banking, IT, pharma, FMCG, auto.
Investors' wealth increased by 13 lakh crores
With the return of tremendous growth in the stock market, investors got tremendous earnings today. Investors' wealth increased by about 13 lakh crores in a day. In fact, after a big fall yesterday, the market cap of the companies listed on BSE had come down to 3.94 lakh crores, which reached 4.07 lakh crores today after the return of growth. In this way, investors earned Rs 13 lakh crore. Yesterday, investors had to suffer a huge loss of Rs 30 lakh crore.
Buying returned in the stocks of these companies
Let us tell you that the markets fell sharply on Tuesday after the Bharatiya Janata Party (BJP) led National Democratic Alliance (NDA) got less majority than expected in the general election results. Out of the 30 companies listed on the Sensex, the shares of Mahindra & Mahindra, Hindustan Unilever, Asian Paints, IndusInd Bank, Kotak Mahindra Bank and Nestle rose the most. In the Asian markets, South Korea's Kospi was in profit, while China's Shanghai Composite, Hong Kong's Hang Seng and Japan's Nikkei were in loss. US markets closed with a positive trend on Tuesday. Global oil benchmark Brent crude futures were trading 0.04 percent lower at US$ 77.49 per barrel. According to stock market data, foreign institutional investors (FIIs) remained sellers in the capital market on Tuesday and sold shares worth a net Rs 12,436.22 crore.