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HomeBusinessSensex jumps 1400 points: Stock market investors cheer: Technology-realty shares boom

Sensex jumps 1400 points: Stock market investors cheer: Technology-realty shares boom

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After a dry spell in the last 3 trading sessions, the stock market has again witnessed an attractive rally today. The Sensex rose 1412.33 points today, while the Nifty also returned to the psychological level of 24500. At the end of the week today, the Sensex rose 1330.96 points to close at 80436.84 and the Nifty rose 397.40 points to close at 24541.15. With this, investors’ capital has increased by 7 lakh crores. The volume of taking in IT-realty, banking, PSU shares has increased. 325 shares hit upper circuit today with universal bullish mood. Also 202 shares reached a new high of the year. Out of total 4036 shares traded on BSE, 2459 shares closed in green zone, 1470 shares closed in red zone. Among the 30 scrips in the Sensex pack, all 29 stocks rose up to 4 percent, except for Sunpharma. In which Tech Mahindra 4.02 percent, Tata Motors 3.47 percent, Mahindra & Mahindra 3.45 percent, TCS 2.91 percent, HCL Tech. 2.65 percent rose. Sun Pharma closed down 0.03 percent. Which shows a bullish trend with market breadth positive. Vinod Nair, head of research at Geojit Financial Services, said that due to the strong recovery in the global markets, the local stock market has seen a boom. Factors like strong US retail sales, lower weekly unemployment, lower inflation have cleared the clouds of recession. Strong buying has been seen in Indian IT companies. The market is likely to improve with foreign investors expected to increase their purchases.

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