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Record breaking start of stock market, Sensex crosses 53000 and Nifty 15870

 

The stock market has made a record breaking start today. In early trade, the Sensex reached a new peak of 53012.52, while the Nifty rose 127 points to the level of 15,873. BSE’s 30-stock key sensitive index Sensex opened at 52,885.04 with a gain of 310 points on Tuesday. On the other hand, the Nifty of the National Stock Exchange started the day’s trading today from the level of 15,840.50. In early trade, NIFTY NEXT 50 is showing a gain of 395.35 points, NIFTY MIDCAP 50 67.85 (0.92%) points, NIFTY BANK 255.60 (0.73%) and NIFTY FINANCIAL SERVICES 123.55 (0.75%) points.

Shares of Adani Total Gas, Adani Power, Adani Transmission, Adani Green Energy, and Adani Ports are seeing a jump in the price for the second consecutive day. Due to this, the wealth of Group Chairman Gautam Adani has increased by more than 5 billion dollars in a few minutes. According to the list of Forbes Real-Time Billionaires, now Gautam Adani is at number 16 in the list of billionaires of the world with a net worth of $ 67.7 billion.

Leading stock index Sensex climbed over 350 points in early trade on Tuesday led by gains in heavyweights Reliance Industries, HDFC, and ICICI Bank amid a positive trend in global equity markets. During this, the Sensex touched an all-time high. The biggest gain of two percent in the Sensex was in Maruti. Besides, M&M, L&T, TCS, ICICI Bank, SBI, and HDFC were among the gainers. On the other hand, Nestle India and Bajaj Finance were in the red. The Sensex had closed 230.01 points or 0.44 percent higher at 52,574.46 in the previous session. Similarly, the Nifty closed at 15,746.50, up 63.15 points or 0.40 percent. Foreign institutional investors (FIIs) sold shares worth Rs 1,244.71 crore on a gross basis on Monday, according to provisional data from the stock market. Meanwhile, international oil benchmark Brent crude rose 0.35 percent to 75.

Monday’s condition: The market recovered from the initial fall

The Sensex closed with a good gain of 230 points on Monday, exiting the big fall in the opening trade. Shares of HDFC Bank, HDFC Ltd., State Bank of India, and Reliance Industries firmed up in the market amid a mixed trend globally. The Sensex had gone down over 600 points in the opening trade. After recovering from the fall, it recovered and finally closed at 52,574.46 points, up 230.01 points, or 0.44 percent. The Nifty of the National Stock Exchange also closed at 15,746.50, up 63.15 points, or 0.40 percent.

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