Mumbai: The Indian share market saw tremendous growth on the fourth consecutive day of trading today. On Monday, both the markets Sensex and Nifty opened in the green zone with gains and closed at fresh highs at the close of trading. The 30-share Bombay Stock Exchange (BSE) Sensex surged 486 points to cross 65,000 for the first time, while the National Stock Exchange’s Nifty closed above 19,300 with a gain of 133 points.
BSE’s market cap rose this much on the first day of the week
The stock market opened on a green note with bullishness. In early trade on Monday, at 9.15 am, BSE’s Sensex opened up 282.85 points, or 0.44%, at 65,001.41, while NSE’s Nifty was up 81.30 points, or 0.42%, at 19,270.30. After this, as the business of the day progressed, this speed also increased.
At the close of trade, the Sensex gained 486.49 points to close at 65,205.05, while the Nifty gained 133.50 points to close at 19,322.55. Bank Nifty also witnessed a strong rally. At the close of trading, 1910 stocks rose, while 1688 stocks fell.
Like the Sensex and Nifty-50, the Bank Nifty also gained momentum from Monday’s opening. The Bank Nifty closed at 45,158.10 with a gain of 410.75 points. Meanwhile, the market capitalization of BSE-listed companies touched a record Rs 297.94 lakh crore, with the domestic stock market rallying.
Investors earned so many crores
The total market capitalization of companies listed on BSE today rose to Rs. 297.94 lakh crore at the close of business on its previous trading day i.e. Friday, June 30 at Rs. 296.48 lakh crores. If seen in this way, investors’ wealth has increased by Rs 1.46 lakh crore in a single day.
A huge jump in these stocks
Shares of Grasim Industries were the biggest gainers during this upswing in the stock market and Grasim Industries rose 3.40 percent to Rs. closed at 1,792.70. ITC, BPCL, Reliance Industries (RIL) and Bajaj Finance were among the fast moving stocks.
Meanwhile, shares of Power Grid Corp were the biggest losers with a decline of 1.82 percent to Rs. closed at 250.50. Among the declining stocks were Bajaj Auto, Power Grid Corp, Sun Pharma, Cipla and Dr. Reddy’s Laboratories included. Shares of HDFC continue to rise after the merger. As for gains in shares of Mukesh Ambani-led Reliance Industries, they rose 2.42 percent to Rs. closed at 2,612.00.
Apart from this, the shares of HDFC Limited and HDFC Bank are also seeing a continuous increase after the merger. The merger took effect on July 1, 2023, and shares of both companies closed with gains on the first trading day of the week. Shares of Housing Development Finance Corporation Limited (HDFC Ltd) rose 1.79 percent to Rs. closed at 2,872.55. At the same time, shares of HDFC Bank rose 1.15 percent to Rs. closed at 1,721.00.