2024-08-19 11:14:02
New Delhi: The stock market was lively on Friday. The market made investors happy as soon as it opened in the morning. With this rise, the Sensex again crossed the 80 thousand mark. Nifty also made investors happy. It saw a rise of more than 390 points during the day. With this rise, investors made a profit of more than Rs 7 lakh crore in BSE on Friday. There was a rise in auto, IT etc. stocks on Friday. On Friday, the Sensex closed at 80,436.84 with a gain of 1330.96 points. Nifty rose by 397.40 points and closed at 24,541.15 points. The highest rise was seen in Wipro’s stock. Its shares rose by 4.30%. Tech Mahindra’s shares were at the second place. Its shares rose by 4.02%. Due to the rise in the stock market, the market cap of BSE reached Rs 451.55 lakh crore. In the last session, it was Rs 444.29 lakh crore. In such a situation, investors made a profit of Rs 7.26 lakh crore in a single day.
FirstCry and Unicommerce IPOs listed in the stock market, investors had a great time on the very first day, gave so much profit
Shares of power companies also rose
Power company stocks closed with gains on Friday. Among them, Voltamp Transformers Limited (up 6.82%), Hitachi Energy India Limited (up 6.37%), Inox Wind Energy Limited (up 5.00%), Reliance Power Limited (up 4.98%), Jyoti Structures Limited (up 4.38%), Suzlon Energy Limited (up 4.15%), Adani Power Limited (up 3.47%), JSW Energy Limited (up 2.96%), GE T&D India Limited (up 2.96%) and Indo Tech Transformers Limited (up 2.80%) were the top gainers.
This was the situation of Nifty
The NSE Nifty 50 index rose 397.41 points to close at 24541.15, while the 30-share BSE Sensex rose 1330.96 points to close at 80436.84. Wipro Ltd. (up 4.27%), Tech Mahindra Ltd. (up 4.0%), Grasim Industries Ltd. (up 3.51%), Mahindra & Mahindra Ltd. (up 3.47%), Tata Motors Ltd. (up 3.39%), Shriram Finance Ltd. (up 2.99%), Tata Consultancy Services Ltd. (up 2.82%), UltraTech Cement Ltd. (up 2.67%), Apollo Hospitals Enterprise Ltd. (up 2.63%) and HCL Technologies Ltd. (up 2.59%) were among the top gainers in the Nifty pack.
Due to these reasons there was a boom
- Inflation based on the Consumer Price Index (CPI) in the US has fallen below 3 percent in July. Its effect was also seen in the stock market and an increase was seen in it.
- Due to the reduction in inflation rate in America, the stock market there saw a surge, the effect of which was seen in other stock markets across the world today. Due to this, the stock market opened with a gain today.
- A lot of growth was seen in the IT sector shares in the stock market. This growth came after the inflation rate in America came down. This also led to a rise in the stock market.