On the last day of the week i.e. today, the market opened at new heights. For the first time, the Sensex opened above 59,400 and Nifty 17,700. During the trading, there is a great rally in the market. Currently, Sensex is trading 550 points higher at 59,680 and Nifty is trading 150 points higher at 17,780.
Out of 30 stocks of Sensex, 26 shares are rising and 4 shares are seen trading in the red mark. In which the share of Bajaj Finance is up by more than 4%. Shares of Bajaj Finserv 3% and Kotak Bank are trading with a gain of more than 2%. At the same time, the share of Tata Steel is down by about 3%.
2,763 shares are being traded on BSE. In which 1,382 shares are rising and 1,244 shares are trading in the red mark. With this, the total market cap of companies listed on BSE has crossed Rs 261 lakh crore for the first time. Earlier on Thursday, the Sensex climbed 418 points to 59,141 and the Nifty climbed 110 points to close at 17,630.
The continuous boom of the stock market has made the Indian market at number six in terms of market cap. Now India ranks sixth in terms of the market cap of the world markets. It overtook France on Thursday with a market cap of Rs 260.80 lakh crore. At present, the market cap of India is above Rs 261 lakh crore. The US market is number one among the top markets of the world. Its market cap is $50.99 trillion. While China's market is second with $ 12.41 trillion.
A committee headed by Finance Minister Nirmala Sitharaman will consider the proposal to bring petroleum products under the purview of GST in the 45th meeting of the GST Council in Lucknow today. Petrol can be cheaper by Rs 28 and diesel by Rs 25 when petrol and diesel come under the ambit of GST. Right now petrol has crossed Rs 110 and diesel Rs 100 per liter in many cities of the country.
Earlier, there was mixed business in the US stock market. The Dow Jones closed at 34,751 with a weakness of 0.18%. The Nasdaq rose 0.13% to 15,181 and the S&P 500 fell 0.15% to 4,473.
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