Stock market’s strong start, Sensex and Nifty surge

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After yesterday’s heavy fall, the stock market started trading today with a lead. On Friday, the 30-share sensitive index Sensex of the Bombay Stock Exchange opened 208 points at 39,936.61. At the same time, the National Stock Exchange’s Nifty also started trading today from the level of 11,727. In early trade, the Sensex was up 323.94 points at 40052 and the Nifty was up 68.00 points at 11748.

At the beginning of the market, all sectoral indices on the Nifty are trading on the green mark. Nifty Auto is seeing an increase of about one percent. On the other hand, Nifty Bank, Private Bank, IT index is up by one percent. While PSU Bank, Reality Index, Financial Services, Pharma, Metal and Media Index are also looking up.

3.25 lakh crores of investors drowned on Thursday

Investors lost Rs 3.25 lakh crore of capital on Thursday due to a sharp fall in the stock markets. The rally in the stock markets for the last ten trading sessions came to an end on Thursday. The 30-share BSE Sensex ended with a loss of 1,066.33 points or 2.61 percent at 39,728.41 points. The market capitalization (market cap) of BSE listed companies declined by Rs 3,25,464.52 crore to Rs 1,57,31,141.32 crore amid the market downturn.

Also read: Kohram in the stock market, the 14th time this year, the biggest drop was in March

Sumit Bagadia, executive director of Choice Broking, said the sell-off in global markets was triggered by hopes of stimulus in the US and rising cases of Covid-19 infection in Europe. The weak trend in global markets also led to a fall in local markets.

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