Today, the first trading day of the week i.e. Monday, the domestic stock market was closed at its highest level after a day-long fluctuation. The Bombay Stock Exchange’s flagship index Sensex closed at 6015.83 points (1.18 percent) at 52154.13. On the other hand, the Nifty on the National Stock Exchange rose 151.40 points, or 1.00 percent, to close at 15,314.70.
FPI invested Rs 22,038 crore
Indeed, the announcement of reformist measures in the Union Budget has given the stock market tremendous impetus and foreign portfolio investors (FPIs) have so far invested a net capital of Rs 22,038 crore in the Indian market in February. According to deposit data, foreign investors have invested Rs 20,593 crore in shares and Rs 1,445 crore in debt securities during the period. Thus, the net investment from February 1 to February was Rs 22,038 crore. In January, FPIs made a net investment of Rs 14,649 crore.
The pharma sector has performed well in 2020
Morningstar India Assistant Director (Director Research) Himanshu Srivastava blamed it on the positive sentiment created in the stock market after the Union Budget in February. He said investors appreciated the government’s efforts in the budget to get the economy back on track. VK Vijayakumar, chief investment strategist at Geojit Financial Services, said the sector is still undergoing changes in market investment. In 2020, the pharma sector was a preferred option and the sector performed very well, while banking stocks were low due to concerns over potential non-performing assets. He said there is a demand for banking shares again through FPI.
When did the market break the record?
After reaching a low in March, on October 8, the Sensex surpassed 40,000 and 40,182.
The Sensex then closed at 41,340 on November 5.
On November 10, the index stood at 43,227 intraday.
On November 18, it reached the level of 44180.
On December 4, it closed at 45079, exceeding the number 45000.
On December 11, the Sensex closed above 4660 at 46099 and on December 14 it closed at 46,253.46 points. At this point, the Nifty has reached its all-time high of 13558.15 points.
On December 28, the Sensex jumped to 47353.
On January 4, the Sensex set a new record and closed at 48176.80 for the first time, rising from 48000.
The BSE Sensex closed at an all-time high of 49269.32 on January 11.
The domestic stock market opened at the highest level since January 11 after January 11. For the first time, the Sensex rose 223.17 points to 50,015.29. During this period, the Nifty’s record was at 14,707.70. However, the market subsequently declined and for the first time on February 3, the Sensex closed above 50 thousand at 50255.755. The Nifty closed at 14789.95 on this day.
During the trading session on February 5, the Sensex crossed 51,000 for the first time and the Nifty reached 15,000 for the first time. This is the interstate level of the Sensex-Nifty. It finally closed at 50731.63 and 14,924.25, respectively.
The same was true of older stocks
Speaking of large stocks, ICICI Bank, Axis Bank, SBI, Bajaj Finance, and Industry Bank are all off the green today. At the same time, shares of Dr Reddy, SBI Life, HDFC Life, Tata Steel and TCS closed higher.
Monitoring of departmental indicators
If we look at the sectoral index, today the media, IT, metals and pharma are off the red mark. Auto, FMCG, banks, financial services, realty, PSU banks and private banks are closed at the green mark.
Today the market opened on the edge
The Sensex rose 359.87 points, or 0.70 percent, to 51,904.17 in early trade today. At the same time, the Nifty opened 107 points or 0.71 percent higher at 15,270.30.
The market was closed at the flat level on Friday
On Friday, the domestic stock market closed flat at the end of the day. The Sensex rose 12.78 points (0.02 percent) to 51544.30. At the same time, the Nifty fell 10 points, or 0.07 percent, to 15,163.30.