After opening in the red, the stock market closed with a strong rise, the mid cap index closed with a jump of 850 points.

After opening in the red, the stock market closed with a strong rise, the mid cap index closed with a jump of 850 points.

Sstock Market Closing On 24 January 2024:Wednesday's trading session was very good for the Indian stock market. Although the market had opened with a decline in the morning, but after investors returned to buying, the market returned with great momentum. Sensex recovered more than 1,000 points from the lower level while Nifty recovered more than 300 points from the lower level. Heavy buying was seen in mid cap stocks in today's trade. At the close of the market, BSE Sensex closed at 71,060 points with a jump of 690 points and Nifty of National Stock Exchange closed at 21,453 points with a jump of 215 points. 

Sector condition 

In today's trade, there was a rise in the stocks of all sectors in the stock market. There was a rise in the stocks of Banking, IT, Auto, Pharma, FMCG, Metals, Energy, Infra, Consumer Durables, Healthcare, Oil and Gas. Mid cap and small cap stocks witnessed excellent recovery after yesterday's fall. Nifty's Mid Cap Index closed with a rise of 853 points and Small Cap Index closed with a rise of 260 points. Out of 30 Sensex stocks, 22 closed with gains and out of 50 Nifty stocks, 41 stocks closed with gains while 9 closed with decline. 

Strong jump in market cap 

Due to the strong rise in the stock market, there has been a jump of Rs 5.50 lakh crore in the wealth of investors in today's trading. The market cap of BSE closed at Rs 371.39 lakh crore which had closed at Rs 365.97 lakh crore in the previous session. 

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