Markets shine again: Sensex rises in first trading day of FY, Nifty rises sharply

Markets shine again: Sensex rises in first trading day of FY, Nifty rises sharply

Today the stock market rose on the first and last trading day of the week 2020-21 and closed at the green mark. The Bombay Stock Exchange’s flagship index Sensex rose 520.6 points, or 1.05 per cent, to close at 50029.83. At the same time, the Nifty on the National Stock Exchange rose 16.6..6, points or 1.20 percent to close at 1466767..35. Shares of 30 stocks on the BSE fell 749.744 points, or 1.70 percent, in the previous week. On March 22, 2021, the domestic stock market was closed on the occasion of Holi. The market will be closed on the occasion of Good Friday on Friday.

NSE Nifty reduces market lot size for 50 derivatives deals

The move will reduce the market lot size for derivatives deals of shares included in the NSE Nifty 50 The move will reduce the burden of additional advance margins for retailers. The lot size has been reduced from the current 755 to 50, the NSE said in a statement. Tejas Khode, CEO of stock broking firm Fires, said the reduction in the size of the lot would reduce the margin requirement of futures trading by one-third. He said that at this time, traders need about Rs 1,73,000 to make a deal. The margin requirement will come down to about 1,16,000 (current Nifty prices) from July.

The economy is back on track

The state of the economy is now worse than it was during the lockdown driven by the Corona epidemic. Goods and Services Tax (GST) collection has crossed Rs 1 lakh crore for the sixth consecutive month. GST collection in March stood at Rs 1,23,902 crore. This number is the highest since the introduction of GST in the country. At the same time, for the fourth consecutive time since the epidemic, it has exceeded Rs 1.1 lakh crore, which is a sign of economic recovery.

In the fiscal year 2020-21, the assets of investors have increased by a huge amount of Tk 90.82 lakh crore

Investors’ wealth increased by Tk 90,82,057.95 crore in FY 2010-2011 due to increase in share price in the domestic stock market. The BSE 30 Sensex rose 68 percent during the period. The Sensex gained 20,040.66 points, or 68 percent, in this unprecedented rally. Despite various disruptions and uncertainties in the economic world due to the Kovid-19 epidemic, the local stock market has reached its peak.

The total value of companies listed on the BSE on the basis of share price increased by Tk 90,72,057.99 crore to Tk 2,04,30,614.54 crore in FY 2010-2011. On March 3 this year, the market value of BSE-listed companies reached an all-time high of Rs 2,10,22,227.13 crore.

The same was true of older stocks

Speaking of large stocks, shares of Tata Steel, JSW Steel, Hindalco, Indusind Bank and Adani Ports closed at the green mark today. Shares of Hindustan Unilever, Nestle India, HDFC Life, Davis Lab, and TCS closed higher.

Sectoral indicator tracking

If we look at the sectoral index, all sectors except FMCG are green today. These include Metal, PSU Bank, Pharma, Realty, Media, IT, Auto, Finance Services, Private Bank and Bank.

The market was open at the green mark

The Sensex opened 358.57 points (0.72 percent) at 49967.72 in early trade. At the same time, the Nifty opened 102.60 points or 0.70 percent higher at 14793.30.

The stock market closed with a decline on Wednesday

The stock market has declined on the last trading day of the fiscal year 2020-21 and closed at the red mark. The Sensex was down 627.43 points, or 1.25 per cent, at 49,509.15 and the Nifty was down 154.40 points, or 1.04 per cent, at 14,690.70.

Leave a Reply

Your email address will not be published. Required fields are marked *