new Delhi. The Indian stock market rebounded during initial trading on Friday due to strong signals from global markets. The Sensex jumped over 400 points to go above 48500 while the Nifty again touched a new peak. The Nifty climbed to 14,259 after opening at a record high. The country’s stock market has returned again due to strong resolutions from other markets in Asia. Experts say that there is a sharp trend in investors as they are now focusing on the possible improvement in economic activity worldwide rather than the rising cases of corona virus and political instability in America.
Backlash in stock market
The Sensex was trading 452.41 points or 0.94 per cent higher at 48,548.13 from the previous session at 10.45 am, while the Nifty was at 14,281 80, up 144.10 points or 1.02 per cent from the previous session. The 30-share Bombay Stock Exchange (BSE) -based major sensitive index Sensex opened with a gain of 371.59 points at 48,464.91 from the previous session and rose to 48,503.71 while the Sensex was at a low of 48,365.58. The National Stock Exchange (BSE) Nifty, a major sensitive index based on 50 stocks, opened 121.05 points higher at 14,258.40 from the previous session and rose to 14,259.15 while the Nifty closed at 14,221.65.
Outside the sectoral index
Today, there is a boom in all sectors except metal. The metal sector is trading with a slight decline of 21 points. At the same time, the auto sector is witnessing a rapid growth of 271.77 points. Bank Exchange and Bank Nifty are trading at 181.08 and 174.60 points. The IT sector is witnessing the maximum increase of 356.20 points. Capital Goods 192.21, Consumer durables 61.56, BSE FMCG 78.21, BSE Healthcare 246.74, Oil & Gas 168.55, BSE PSU 67.47 and Tech are trading up by 149.53 points.
Rising and falling shares
UPL 4.76 per cent, Bharat Petroleum Corporation 2.59 per cent, Eicher Motors 2.57, Sun Pharmaceutical Industries 2.22 per cent and SBI Life Insurance Company are seeing a gain of 1.95 per cent today. On the other hand, Hindalco Industries is down 1.61 per cent, Titan Company 1.15 per cent, Housing Development Finance Corporation 0.82 per cent, Tata Steel 0.73 per cent and Bajaj Finance shares are down 0.51 per cent.
Shower of profits on investors
On the other hand, investors are benefiting in the stock market. In fact, investors’ profits are tied to the market cap of BSE. On Thursday, the market closed down and the market cap came to Rs 1,93,18,126.74 crore. On Friday, the market cap of BSE has come to Rs 1,95,18,931.14 crore at present. This means that the stock market investors have already benefited by two lakh crores.