The stock market has continued to boom since the budget day. Although the market started on a downward trend today, it finally closed at a record level after a day’s ups and downs. Today, the Bombay Stock Exchange’s flagship index Sensex closed at the level of 50614.29, up 358.54 points, or 0.71 percent. At the same time, the National Stock Exchange’s Nifty gained 105.70 points (0.71 percent) to close at 14,895.65.
Economists and market analysts believe the budget presented on Monday is a bold and growth-oriented budget. The market has also considered the proposal of privatization of two state-run banks and monetization of assets like land. After this, the Sensex-Nifty saw a strong boom and reached the highest level.
A 24-year record was broken on budget day
On February 1, the BSE index closed up five percent. On Budget day, this is the biggest jump in the Sensex in 24 years. On February 1, the Sensex closed 2314.84 points above the 48600 levels. The Nifty closed at 14281.20 with a gain of 646.60 points (4.74 percent).
The market capitalization of listed companies exceeded the GDP of the country
The market capitalization of listed companies has crossed Rs 200 lakh crore for the first time today with an all-around increase. The country’s GDP for 2020-21 is Rs 194.85 lakh crore. That is, the total market capitalization of companies listed on the exchange has exceeded the country’s GDP.
Such was the situation of veteran shares
Talking about the big stocks, today the shares of SBI, ITC, Bajaj Finance, Shree Cement, and ONGC closed on the green mark. IndusInd Bank, UPL, Cipla, Asian Paints, and Bharti Airtel closed the red mark.
Sectoral index tracking
If we look at the sectoral index, today all sectors except IT closed on the green mark. These include FMCG, Realty, Banks, Private Banks, PSU Banks, Pharma, Metals, Finance Services, Auto and Media.
The market was open on the decline
Today, the Sensex opened 146.11 points (0.29 percent) lower at 50,109.64 in early trade. The Nifty opened 43.55 points, or 0.29 percent, at 14,746.40.
Sensex was closed beyond 50 thousand on Wednesday
On Wednesday, the Sensex closed at 50255.75, up 458.03 points, or 0.92 percent. The Nifty closed at 14789.95 with a gain of 142.10 points (0.97 percent).