In the history of the stock market, the Sensex crossed 60 thousand for the first time
Shining boom since the beginning of the stock market
Sensex crossed 60 thousand from the beginning
Sensex at 60,158 points
Nifty at 17,897 points
Record-breaking rise in the Sensex from the start
India’s stock market has once again set a record. For the first time, the BSE Sensex has touched 60,000. With the market opening in the morning, the Sensex jumped 273 points to cross 60 thousand. The Sensex opened 273 points higher at 60,158.76. The Sensex had closed at 59,885.36 points a day earlier. The BSE Sensex surged 958 points on Thursday.
For the first time in the history of the Indian stock market, the Sensex crossed the 60,000 level.
In the opening trade, 60124 was gained by 239 points. The high was 60373 and the low was 60124. The National Stock Exchange’s Nifty rose 61 points to 17,884, the highest at 17,947 and the lowest at 17,857. Nifty is also on the way to 18000. Considering the current bullish environment, it is likely to cross that level soon. Next week will be the last of the September Futures. So large fluctuations are possible based on the vertical trade of transactions. Right now the boom is in the grip of the group. The recessionary ones seem to be in a quandary.
The Nifty of the National Stock Exchange could also make history today. The Nifty is just a few points behind the 18,000 mark. On Thursday, the Nifty jumped 276.30 points, or 1.57 per cent, to close at a record 17,822.95 points. The implications of this momentum for the stock market can be gauged from the fact that Nifty Mid Cap, Nifty Bank, Nifty Financial Services as well as most IT stocks are bullish. Shares of the IT sector are up 2 per cent. Moreover, shares of telecom companies are up 1 per cent. Realty stocks are up 2.48 percent. Wipro is among the top gainers on the NSE. The company’s share price is trading at Rs 685. Following this, Infosys shares have risen 1.55 per cent.
Shares of Tata Motors and Tech Mahindra, ONGC rose the most, while Tata Steel, NTPC, Hindustan Unilever, Titan, HDFC, SBI, Bajaj Finance, Bajaj Finserv, Kotak Bank, Axis Bank, M&M and Ultra Cement declined.
The US Federal Reserve did not make any changes in interest rates, which led to a positive mood in stock markets around the world on Thursday. This suggests that the US government has not yet taken steps to withdraw the relief package. China’s central bank has tried to give some relief on the Evergrande issue by putting cash into the banking system.
Chinese real estate company Evergrande is on the verge of bankruptcy and its impact has fallen on stock markets around the world. Evergrande has a debt of about 4 304 billion (about Rs 22.45 lakh crore). It is feared that this may not prove to be a sub-prime of America and a crisis like Lehman Brothers in China.