Stock Market Created History: Sensex Jumped 217 Points and crossed 58 Thousand

The stock market has once again created history. For the first time, the Sensex has crossed 58 thousand. The Sensex jumped 217 points.

There is a continuous boom in the Indian stock market. The stock market has once again created history. For the first time, the Sensex has crossed 58 thousand. The Sensex jumped 217 points to reach 58,069 in the opening session on Friday. On the other hand, Nifty rose 66.20 points to reach a record 17,300. A day earlier too, the BSE Sensex closed at a new record high by jumping 514 points on Thursday. NSE Nifty also climbed 157.90 points to close at the highest level of 17,234.15.

The market opened strongly on the last day of the week. Sensex opened at a record level of 57,983 and Nifty at 17,299. Currently, Sensex is trading 230 points higher at 58,090 and Nifty is trading 60 points higher at 17,295.

2,242 shares are being traded on BSE

In which 1,649 shares are trading with an increase and 502 shares are trading in the red mark. With this, the total market cap of companies listed on BSE has crossed Rs 253 lakh crore. Earlier on Thursday, the Sensex climbed 514 points to 57,852 and the Nifty closed at 17,234 with a gain of 158 points.

Image Credit: India Today
Image Credit: India Today

Today, which stocks will rise and fall the most throughout the day, its report will be available by evening. However, with the gain of 3.34 per cent in the Sensex stocks yesterday, TCS's stock was the biggest gainer. Besides, HUL, UltraTech Cement, Dr. Reddy's, Nestle India, Kotak Bank, and Titan were the major gainers.

Mahindra & Mahindra's stock declined

On the other hand, Mahindra & Mahindra's stock declined the most by 2.29 per cent. The company said it would reduce production by 25 percent due to semiconductor shortages globally. Due to this, the company's stock came down. Other losers included Bajaj Auto, Bajaj Finserv, Bajaj Finance, Asian Paints and L&T. Of these, there was a decline of up to 0.79 percent.

Narendra Solanki, Head of Equity Research, Anand Rathi said, "The opening in the domestic markets was positive amid a mixed trend in Asian markets ahead of the US employment data. In the afternoon trade, traders continued to buy as traders continued to gain momentum in the market. The domestic stock market rose amid a mixed trend at the global level.

US stock market

Earlier, US stock markets closed with gains. The Dow Jones gained 0.37% to close at 35,443. The Nasdaq climbed 0.14% to 15,331 and the S&P 500 gained 0.28% to 4,536.

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