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Banking sector’s long jump, up 350 points in share market, big benefit to investors


Banking sector's long jump, up 350 points in share market, big benefit to investors 1

new Delhi. The share market is continuously seeing a boom. From Monday till the close of the market today, the Sensex (Sensex) has seen a rise of more than 1000 points. While the Nifty 50 has seen a gain of 275 points. The special thing is that today the Sensex closed up 350 points, while the Nifty closed with 88 points. The main reason for the market boom is being strong in the banking sector. Today, Bank Exchange closed with a gain of more than 1100 points. Market investors have gained Rs 2.80 lakh crore due to the boom in the last five trading sessions.

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Sensex and Nifty rise
The stock markets closed strongly in the last trading session of the week. The stock market has gained due to the rupee being sharper for the second consecutive day against the dollar and the rupee trading at a near 6-month high. Today, the Bombay Stock Exchange’s leading index Sensex has gained 353.84 points to close at 39467.31 points. On the other hand, the National Stock Exchange’s major index Nifty gained 88.35 points to close at 11647.60 points.

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Tremendous boom in banking sector
The banking sector has witnessed tremendous boom today due to the appreciation in the rupee. Bank exchanges closed with a gain of 1112.40 and Bank Nifty 950.35. Capital goods 99.82, oil and gas 70.12 and BSE PSU closed up 65.60 points. On the other hand, BSE Auto 151.15, BSE IT 109.59, Consumer Durables 16.59, BSE FMCG 50.61, BSE Healthcare 33.29, BSE Metal 28.31 and BSE Tech were down by a slight decline of 3.25 points each.

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Bank shares rise
Today, the shares of private banks were seen more sharply. IndusInd Bank shares today witnessed an upper circuit of 10 per cent. At the same time, Axis Bank grew by 7.95 percent. UPL closed up 4.63 per cent, ICICI Bank 4.49 per cent and Sun Pharmaceutical Industries 4.43 per cent. On the other hand JSW Steel closed down 2.75 per cent, Hero MotoCorp 2.59 per cent, Power Grid Corporation of India 1.43 per cent, Dr Reddy Laboratories 1.37 per cent and Infosys shares fell 1.31 per cent.

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Investors benefit
This week, market investors have gained a lot. The market may not have seen a big gain this week, but has maintained an edge on the green mark. During this time, the Sensex has gained about one thousand points. If you talk about the market cap, then on 21 August, the market cap of BSE was Rs 1,55,55,439.79 crore. Whereas today the market cap stood at Rs 1,58,35,424.22 crore. During this period, the market cap of BSE has increased by Rs 2.80 lakh crore. This is also the benefit of market investors.


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