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Tuesday, 2 February 2021

the Sensex crossed 50 thousand for the second time in 12 days

Stock market:Budget positive impact on the market, the Sensex crossed 50 thousand for the second time in 12 days

Shares of HDFC Bank, HDFC, Ultratech Cement, M&M rose
HUL, Reliance shares fell

The market is witnessing a record boom after the budget. At 10.09 am, the Sensex was up 1444 points at 50,045, while the Nifty was up 420 points at 14,701. The index had earlier touched a record high of 50,184 on January 21. Auto and banking stocks are at the forefront of the market boom. The Nifty Bank Index is also trading at 34,598.90, up 1509 points.

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Shares of Larsen, HDFC Bank, HDFC, Bajaj Finance, SBI are gaining ground on the Sensex. Larsen is trading up 5.84 percent at 1534.15. HDFC Bank traded up 5.45 per cent at 1557.75. However, stocks including HUL and Reliance are declining. HUL is trading at 2242.20, down 0.31 percent. Reliance traded down 0.20 per cent at 1891.55.

Historical boom in the market on budget day The market saw a historic rise on budget day. Following the positive gains, the Sensex rose 5 per cent to 48,600.61 and the Nifty closed 4.74 per cent higher at 14,281.20. It saw the biggest increase in banking stocks. 

Shares of IndusInd Bank rose 14.71 per cent, SBI 10 per cent and L&T 9 per cent. The Nifty Bank Index also closed up 8.26 per cent. The market cap of listed companies also rose by 6.32 per cent.

Indigo Paints shares listed at a 75 per cent premium, giving investors a gain of Rs 1,117 per
share. Positive sentiment in the stock market following the budget. The second listing of 2021 was brilliant. 

Shares of Indigo Paints are listed on the BSE at Rs 2607.50. The stock is also listed on the National Stock Exchange (NSE) at a premium of 75 per cent to Rs 2,607.50. Its issue price was Rs 1,490, which means investors gained Rs 1,117 per share.

Divyabhaskar News 

Strong boom in the
global market The global market is also trading with growth. Korea's Kospi traded up 2.23 percent. Hong Kong's Hang Seng Index, Australia's All Ordnance Index and Japan's Nikkei Index are trading up more than 1-1 per cent. Similarly, China's Shanghai Composite Index rose 0.55 per cent.

 This was preceded by a rally in the US and European markets. The Nasdaq index closed up 2.55 per cent, while the S&P 500 index closed up 1.61 per cent. In European markets, France's CAC index and Germany's DAX index were also up 1-1 per cent.

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