The Indian stock market saw a boom for the 6th consecutive day on Friday. At the end of trading, the Sensex rose by 246 points to 39 thousand 299 points, while the Nifty rose by 75.50 points to 11,661.85.
Let us know that since the last 6 business days, the SENSEX-NIFTY is closing with an increase. The last time the Sensex-Nifty fell was seen on Thursday in the last week. Then the Sensex fell by 298 points to close at 37880 and the Nifty slipped 79 points to 11,235. In this sense, the Sensex has gained more than 1400 points in 6 days while the Nifty has strengthened by more than 430 points.
Historical day for RIL
Mukesh Ambani's company Reliance Industries created history on Friday. Actually, Reliance Industries has become the first company in the country to touch the market cap of Rs 9 lakh crore. However, at the end of the business, the market cap of the company once again dropped to a level of 8.97 lakh crore below 9 lakh crore. During this time the share price of the company remained at the level of 1415.30. Let us know that the quarterly results of Reliance Industries are going to be announced.
Yes Bank Continues to Boom
For a long time, the stock of the slow Yes Bank has seen a boom for the second consecutive day. On Friday, Yes Bank shares closed 8.44 per cent higher at Rs 51.40 on the BSE Index. Earlier on Thursday, the bank's stock had registered an increase of about 16 percent. In fact, on Thursday, there was news that Sunil Mittal of Airtel and Sunil Munjal of Hero MotoCorp could buy YesTech at Yes Bank. Although after some time this report proved to be a rumor but the market got its benefit. On Friday, the stock price of the bank got a boost due to increase in the number of retail shareholders. Let us know that in the last one year; about 7.56 lakh new small investors (retail investors) have bought the shares of Yes Bank.
BHEL up by 25 percent
Bharat Heavy Electricals (BHEL) shares rose up to 25 per cent due to the disinvestment discussion. The company's shares were at Rs 54.45 at the end of business. Actually, there are reports that the government can sell its stake in BHEL. The government currently holds 63.17 per cent stake in BHEL. This can be reduced to 26 per cent of the government.
