November 3, 15:08Aaj Tak

Stock market investments brought in over 1.1 trillion rupees in two days before Diwali

The stock market is experiencing a significant surge. The Sensex and Nifty indices are demonstrating impressive momentum. Following a strong close on Monday, these indices continued their rapid growth on Tuesday. Ahead of the Diwali and Dhanteras holidays, the market is generating substantial returns for investors; estimates suggest that investors who invested in the stock market earned over 1.1 trillion rupees in just two days.

Sensex and Nifty Dynamics

First, let's look at the performance of the Sensex and Nifty. On Monday, the BSE Sensex closed at 75,692.78 points, showing a rise of 1.66% or 1,233.25 points after the day's gains. On Tuesday, the index's growth rate was maintained: the BSE Sensex finished trading at 76,917.85 points, an increase of 1.62% or 1,225 points.

On the other hand, the NSE Nifty also showed impressive results. On Monday, following the Sensex's lead, the 50-stock index closed at 23,440.80 points, registering a rise of 1.68% or 388 points. On Tuesday, the NSE Nifty rose by 1.58% or 370 points, reaching 23,810.85.

Investor Profits Over Two Days

Regarding the profits made by investors due to this vigorous stock market growth over the last two days, it should be noted that as of the last trading day of the previous week, Friday, the total market capitalization of companies listed on the Bombay Stock Exchange (BSE MCap) stood at 47,534,943.01 crore rupees. Thanks to the significant rise in the Sensex and Nifty on Monday, the BSE market capitalization increased to 48,274,651.53 crore rupees, allowing investors to earn 7,397,080 lakh crore rupees on the first day of the week. This inflow of income continued on Tuesday, and the BSE market capitalization reached 48,679,318.18 crore rupees after the day's rise. According to calculations, investors earned 11,443,750 crore rupees in just two days.

Market Leaders on Tuesday

On Monday, the main driver of growth in the stock market was the shares of Mukesh Ambani's company, Reliance Industries, which closed with a gain of about 12%. This caused RIL's market capitalization to exceed 17 lakh crore rupees, and Mukesh Ambani was once again recognized as Asia's richest person. On Tuesday, the stocks that supported the market growth entered the list of the top 10 large-cap stocks: HUL (4.16%), Bharti Airtel (4%), HDFC Bank (3.62%), Asian Paints (3.53%), ICICI Bank (2.80%), ITC (2.76%), Titan (1.90%). In the Midcap segment, the leaders were MCX (7.81%), Paytm (4.14%), and Colpal (3.71%).

Key Factors Driving the Stock Market Growth

Major reasons for the stock market growth include the slowdown in the sharp rise in crude oil prices. On Tuesday, despite a slight increase, the price of Brent Crude remained within $105 per barrel, whereas previously it exceeded $110. Furthermore, foreign portfolio investors continue to make purchases: on Monday, they invested over 3,100 crore rupees, and this process continued on Tuesday. Additionally, the improvement in market sentiment was driven by the strengthening of the Indian rupee against the US dollar, which strengthened by 12 points at the start of trading, reaching 94.72.

Similar stories

www.aajtak.inNovember 3, 07:04

Stock market shows sharp growth: after Reliance shares, Indigo, HDFC Bank, and Asian Paints rose today

On Tuesday, the stock market looked exceptionally positive. The Sensex and Nifty indices, which closed with a sharp rise on Monday, began an impressive movement immediately after trading opened on Tuesday.

The BSE Sensex index, consisting of 30 stocks, opened with a gain of over 700 points, once again exceeding the 76,000 mark. At the same time, the NSE Nifty index also showed a rise of 188 points, surpassing the 23,600 level.

If Mukesh Ambani's Reliance shares attracted a lot of attention on Monday, then on Tuesday, the shares of Indigo, HDFC Bank, and Asian Paints became such 'rockets.'

On the previous business day, Monday, the BSE Sensex closed up by more than 1,200 points, and this rapid momentum continued on Tuesday. This 30-stock index opened higher than the previous close at 75,629 and then jumped by 729 points, reaching the level of 76,421.

As for the Nifty index, it followed the example of the Sensex. On Monday, the 50-stock Nifty closed up by more than 380 points, and on Tuesday, it opened higher than its previous close of 23,440, showing a rise of 188 points and reaching the mark of 23,628.

www.aajtak.inNovember 2, 07:22

Stock Market Shows Growth: Mukesh Ambani's Shares and Sensex Index Rise by 1000 Points

The stock market showed significant activity on the first day of the trading week. Following fluctuations last week, the Sensex and Nifty indices demonstrated rapid growth at the opening of trading on Monday.

The Sensex index, comprising 30 shares from the Bombay Stock Exchange (BSE), rose by 1000 points from the opening, surpassing the 75 thousand mark. Meanwhile, the Nifty index of the National Stock Exchange (NSE) also accelerated, making a jump of more than 200 points.

Rapid Start for Sensex and Nifty

An analysis of the market rally on Monday shows that the Sensex opened with a gain compared to the close last Friday at 74,459. In just a few minutes, it reached 75,471, an increase of 1012 points. The Nifty index, moving in sync with the Sensex, also showed growth. This index of 50 shares opened above its previous level of 23,053 and then made a sharp jump of 239 points, trading at 23,292.

Reliance Shares Become a Rocket

The largest contribution to the market rally came from the share of Reliance Industries, owned by billionaire Mukesh Ambani. Before the article was written, the Reliance share was trading at 1241 rupees with a growth of 6.70%. This rise in the value of the country's most valuable company caused a wave of optimism in the market. Thanks to this growth, the company's capitalization reached 16.77 lakh crore rupees.

The rise in Reliance shares is due to the company's impressive results for the second quarter of the financial year 27. Many brokerage firms gave positive forecasts after these results. During the period from July to September, the company demonstrated excellent performance thanks to business growth in petrochemicals (O2C), digital services, and retail trade. Reliance's consolidated revenue grew by 28% year-on-year, reaching a record 3.62 lakh crore rupees, while EBITDA increased by 24%, amounting to 62,409 crore rupees. Reliance's net profit increased by 34% to 29,550 crore rupees.

Not only did Reliance shares show impressive results, but shares of other large companies also soared at the opening of trading. Among them were Tata Steel Share (growth of 4%), NTPC Share (growth of 3.40%), Maruti Share (growth of 2.80%), BEL Share (growth of 2.40%), and Asian Paints Share (growth of 2.10%). Additionally, in the category of mid-sized companies, Dixon Share (growth of 6.50%), Phoenix Ltd Share (growth of 3.40%), Glenmark Share (growth of 2.80%), Hindustan Petroleum Share (growth of 2.60%), and Suzlon Share (growth of 2.10%) rose.

www.aajtak.inOctober 21, 07:05

Reliance shares show sharp growth before Jio IPO; Sensex index rises by 800 points

The trading session on the stock market started splendidly on Wednesday. The Sensex and Nifty indices opened in the green zone and then demonstrated rapid growth. The BSE Sensex index, comprising 30 stocks, jumped by more than 800 points just minutes after opening, while the NSE Nifty also followed suit, rising by approximately 200 points.

This strong growth occurred against the backdrop of the upcoming launch of the country's largest IPO. Jio Platforms, owned by Mukesh Ambani, is preparing for an IPO placement worth over 30,200 crore rupees, which supported the overall market rise, causing a surge in the shares of both Reliance and Jio Financial Services.

At the opening of trading, the BSE Sensex started with a strong jump, reaching 74,337.93 compared to the previous closing level of 73,852.90. Its movement then accelerated, and it traded at 74,668, achieving a gain of over 800 points.

As for the NSE Nifty, its dynamics were similar to the Sensex. This index of 50 stocks opened above 23,000, compared to the previous closing level of 22,888.95, and, following the Sensex, rose by approximately 224 points, trading at 23,120.90.

The shares of Reliance Industries, owned by Mukesh Ambani, played a significant role in supporting this vigorous market growth. Since the Jio Platforms IPO opens to retail investors on Wednesday, Reliance shares have been showing impressive growth even before that. At the time of writing, Reliance shares were trading at 1234 rupees, showing a growth of 2.30 percent. Additionally, Jio Financial Services shares were trading at 216.30 rupees, increasing by more than 1 percent.