2024-09-21 06:53:27
New Delhi: The stock market witnessed a strong jump on Friday. The Sensex rose by about 1360 points. With this rise, it closed at a record 84,544 points. This is the all-time high of the Sensex. Nifty also rose on Friday. Nifty closed at 25,791 points with a jump of 375 points. Nifty also made a record of all-time high. Investors were delighted with this rise in the stock market. Investors earned Rs 6.5 lakh crore in a single day. The stock market saw a rise due to buying in banking, IT, auto, FMCG and energy stocks.One lakh rupees turned into one crore rupees! Shares of this liquor manufacturing company made money
Investors earned Rs 6.5 lakh crore
Investors made huge profits on Friday due to the rise in the stock market. Due to this rise, the wealth of investors increased by about Rs 6.5 lakh crore. The market cap of stocks listed on BSE closed at about Rs 472 lakh crore on Friday. It had closed at Rs 465.47 lakh crore in the previous session.
These stocks showed a boom
Banking, auto, IT, FMCG and energy stocks saw a rise on Friday. Many stocks including ICICI Bank, Bharti Airtel, Hindustan Unilever (HUL), Bajaj Finserv and JSW Steel saw the highest rise in 52 weeks. Apart from these, stocks like Zomato, Bajaj Holdings, Britannia Industries, Marico, Eicher Motors, Havells, Indian Hotels, Max Healthcare Institute, Persistent Systems, PI Industries etc. also reached their one-year high.
Only four stocks saw a decline
Even after the surge in the stock market, many stocks saw a decline. However, only four stocks saw a decline. These include SBI, IndusInd Bank, TCS and Bajaj Finance. SBI’s stock saw the biggest decline. SBI’s stock fell 1.07% on Friday. After this, IndusInd Bank’s stock saw a decline. Bajaj Finserv (0.07%) saw the least decline.
Reasons for rise in stock market
- Interest rate cuts by the Fed Reserve and indications of further interest rate cuts.
- Investment made in the stock market by foreign investors.
- The impact of heavy buying in banking stocks was also visible.