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Stock market indices showed sharp growth: Sensex rose by over 600 points
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Aaj Tak
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Stock market indices showed sharp growth: Sensex rose by over 600 points

Following a prolonged period of decline in the stock market, a sharp rise was observed on Monday, with both market indices opening with strong momentum. The BSE index, comprising 30 stocks, showed an impressive jump of over 600 points, while the NSE Nifty index also rose by 150 points.

Amid this market rally, shares of companies such as Bajaj Finance, ITC, and SBI demonstrated significant growth.

Trading on the stock market on Monday began with a vigorous surge. The BSE Sensex index opened at 72,340 rupees, higher than the previous close of 71,909. Its pace quickly accelerated, and within just a few minutes, the BSE Sensex traded at 72,534, showing a strong increase of 625 points.

The NSE Nifty index followed the trend of the Sensex, increasing its momentum. This index, which includes 50 stocks, opened at 22,532 rupees compared to the previous close of 22,421, and then its growth continued, reaching the mark of 22,595.

This market upturn occurred after a long period of decline. Over approximately eight weeks, the Sensex and Nifty were under significant pressure. The main reasons cited for the market pressure were selling by foreign funds and volatility in crude oil prices. It is worth noting that this was the first time in 25 years that the Indian stock market had fallen continuously for 8 weeks.

The figures from the last trading day of last week were characterized by a substantial drop: the BSE Sensex closed at 71,909.70, losing 570.59 points, and the NSE Nifty finished trading at 22,421.95, declining by 198.50 points.

With increased market activity, here is information on the stocks that showed significant growth right from the start of trading. In the Largecap category of the BSE, shares of Bajaj Finance (up 4%), TCS (up 2.25%), ITC (up 1.70%), Reliance (up 1.40%), and SBI (up 1.25%) traded actively.

As for Midcap, there was growth in the shares of Nykaa (up 5%), Persistent (up 4.20%), MPhasis (up 3.50%), and Coforge (up 2.80%). Additionally, among Smallcap stocks, TD Power (up 7%), Redington (up 4.50%), and KFintech (up 3.90%) saw gains.

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Stock Market Crash: Over 700 Billion Rupees Lost Due to Crude Oil Price Hike and Trump's Decisions
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www.aajtak.in

Stock Market Crash: Over 700 Billion Rupees Lost Due to Crude Oil Price Hike and Trump's Decisions

A massive crash is observed in the market, which began on the first day of the trading week. The sharp decline led to significant losses among investors; over 700 million crore rupees were lost in just a few minutes. Shares of major companies such as HDFC Bank, Bajaj Finance, Reliance, and ICICI Bank turned out to be extremely volatile.

The drop was quite substantial: the BSE Sensex index fell by more than 1040 points after opening, trading at 72,854. Meanwhile, the NSE Nifty decreased by more than 330 points or 1.38%, reaching the mark of 22,807. Analysis shows that the market capitalization of companies listed on the Bombay Stock Exchange (BSE MCap) decreased to 475,64,385 crore rupees, compared to 483,25,067 crore rupees recorded last Friday. Thus, after the market opened, investors incurred losses amounting to 7,60,682 crore rupees.

One of the key factors that triggered this crisis was the sharp rise in crude oil prices. On the international market, the price of Brent Crude Oil exceeded $107 per barrel, showing an increase of about 3%, while WTI Crude traded around $95. The rise in crude oil prices once again put investors under stress, as India depends on oil imports. The increase in oil costs threatens to raise the import bill and may lead to increased inflation on daily goods.

This jump in oil prices is directly linked to the actions of US President Donald Trump. Since relations between the US and Iran have not improved, Donald Trump has again rejected Iran's peace proposal. This undermined hopes for the opening of the Strait of Hormuz and the cessation of hostilities in the Middle East, causing a sudden surge in oil prices.

In addition to the rise in oil prices, other factors also influenced the market. The India Volatility Index (India VIX), which serves as a measure of market fear, suddenly jumped by 14.50% to the level of 14.14, signaling potentially strong fluctuations in the near future.

A third reason was the sharp weakening of the Indian currency. At the start of trading in the foreign exchange market, the Indian rupee fell by 20 points against the dollar, reaching the mark of 95.95.

Negative sentiment in the market was also contributed to by Foreign Institutional Investors (FIIs), who continued to withdraw funds from the Indian market. Last Friday, FIIs withdrew about 3700 crore rupees, putting pressure on the market.

The fifth factor contributing to the crash was negative signals from global markets. The world market is in a state of anxiety due to the sharp increase in crude oil prices. Chaos was also observed in Asian markets: South Korea's KOSPI fell by approximately 2%, and Japan's Nikkei traded in negative territory. Furthermore, the key indicator for Sensex-Nifty, Gift Nifty, showed a significant drop of 350 points.

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