new Delhi. Today the stock market appeared to be celebrating the entire day of Biden’s victory. In fact, Biden’s victory has lessened the impact of HB1 Visa and green card troubles and strictures from Trump. Because of which IT stocks are seeing a boom. The second is that the rupee has gained momentum against the dollar. Due to which the banking sector has seen a boom. These are the things that both Sensex and Nifty have closed with life time hike today. Today, apart from the shares of private banks, the shares of Divis Pharma Company have seen a big boom.
Celebration in stock market
Today, Biden’s victory in the stock market declined and closed rapidly. The Bombay Stock Exchange’s flagship index Sensex gained 704.37 points to end at 42597.43 points. For the first time in the history of the stock market, the Sensex has been the closing point. While the major index of the National Stock Exchange Nifty 50 closed at 12461.05, the life time closing point rose by 197.50 points.
Boom in all except pharma
On the other hand, in the sectoral index today, except for pharma, all have seen a boom. The pharma sector closed today with a decline of 19.22 points. While the Bank Exchange closed at 871.30 and the Bank Nifty rose by 753.65 points. BSE Auto 128.45, Capital Goods 196.86, Consumer Durables 529.14, BSE FMCG 99.65, BSE IT 334.41, BSE Metal 183.57, Oil & Gas 188.58, BSE PSU 66.39, BSE Tech 181.53, BSE Small Cap 80.30, BSE Mid-Cap 157.12 and CNX Midcap There has been an increase of 149.80 points.
Rising and falling shares
Talking about the first rising stocks, Divis Laboratories saw a gain of 5.57%. Bharti Airtel shares closed up 5.21 per cent. IndusInd Bank closed 4.75 per cent, ICICI Bank 4.53 and Axis Bank 4.50 per cent higher. On the other hand, Cipla shares declined 3.48 per cent, Adani Ports & SEZ 1.17 per cent, ITC 0.72 per cent, Dr Reddy Laboratories 0.53 per cent and Maruti Suzuki India 0.49 per cent.
On the other hand, investors also earned a lot today. The market cap of BSE was Rs 1,65,69,294.87 crore. 2,08,595.70 crore is higher if compared to last Friday’s market cap of 1,63,60,699.17 crore. This is also the profit of investors. In fact, investors’ profits are linked to the market cap of BSE. In the month of November all the investors’ compensation has been completed. While only the first week is over. Due to Deepawali, the boom has not yet been seen in the market.