The beginning of the year 2020 is looking great for the Indian stock market. After closing with a big fall on the last trading day of 2019, the stock market is seeing a boom in the first two days of the new year. On Thursday, January 2, the Sensex gained over 150 points to reach the level of 41 thousand 500 points in early trade. Similarly, the Nifty touched 12 thousand 230 points with an increase of up to 50 points in early trade.
The new year 2020 began in the Indian stock market with a boom. The Sensex climbed over 52 points to close at 41,306 on Wednesday. At the same time, the Nifty rose to 12,222.20 but at the end of the session, the Nifty gained 14.05 points to 12,182.50 from the previous session. During the day's trading, the Nifty was at a low of 12,165.30. Out of the 19 sectors of the BSE, the index of 10 sectors was rising while nine declined.
The indices of the five fastest growing sectors included Power (1.78 per cent), Utility (1.41 per cent), IT (0.61 per cent), Capital Goods (0.52 per cent) and Industrial (0.51 per cent). The indices of the five falling BSE indices included consumer durables (1.40 per cent), auto (0.50 per cent), telecom (0.30 per cent), bank index (0.27 per cent) and oil and gas (0.26 per cent).
In fact, on 31 December 2019, Finance Minister Nirmala Sitharaman said that in the next five years, projects worth Rs 105 lakh crore will be completed in the country's infrastructure sector. A report of the task force made in this regard was also released. Apart from this news, due to positive signals globally, the stock market is also seeing a boom. At the same time, shopping has been seen in the investors regarding the new year.
Let us tell you that on the last trading day of 2019, December 31, there was a sell-off in the Indian stock market. At the end of trading on this day, the Sensex fell 304 points to close at 41,253.74. A year ago on 31 December 2018, the Sensex closed at 36,068 points.
In such a situation, the Sensex has given returns of up to 15 percent to investors, which is considered to be good given the fluctuations going on throughout the year. In the year 2018, the SENSEX touched an all-time high of 41809.96 on 20 December 2019. Whereas on 19 February 2019, the SENSEX touched a low level of 35287.16. In July this year, the Sensex and Nifty recorded a record 17-year decline.
