Good days returned to the stock market after a long time... Sensex jumped by 1100 points
Stock Market: The announcement made by the Central Government regarding changes in GST on Monday clearly showed its effect in the stock market and Sensex-Nifty had a stormy start and the Bombay Stock Exchange's 30-share Sensex index (BSE Sensex) jumped by more than 1100 points as soon as it opened. Along with this, the National Stock Exchange's Nifty also showed strength and rose 350 points to reach the 25,000 mark with the opening.
In the initial business, strong growth was seen in banking stocks ranging from Maruti, Bajaj Finance, Mahindra & Mahindra.
Sensex-Nifty ran like a rocket
As soon as trading started in the stock market on Monday, both the indices started running like a rocket. While the BSE opened at 81,315, up from its previous close of 80,597.66, and then jumped more than 1100 points in a matter of minutes and was trading at of 81,713.30. At the same time, NSE's Nifty-50 also jumped from its previous closing level of 24,631.30 to open at 24,938.20 and in a short while, moving in step with the Sensex, it reached the level of 25,000.80 with a gain of more than 350 points.
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These stocks started running fast
Amidst the boom in the stock market, large cap companies including Maruti Share (7.27%), Bajaj Finance Share (6%), Bajaj Finserv Share (4.66%), M&M Share (4.58%), Trent Share (3.82%), HUL Share (3.36%), Tata Motors Share (2.40%) were trading with a jump.
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Apart from this, banking stocks also started running as soon as they opened. Axis Bank Share (1.80%), Kotak Bank (1.75%), ICICI Bank (1.70%), HDFC Bank (1.50%) were trading with a jump. At the same time, the country's most valuable company Reliance Industries led by Mukesh Ambani also saw a rise of 1.30%.
Midcap and smallcap also saw a boom
Like the largecap of BSE, mid and smallcap also saw greenery. NIACL Share (7.66%), Ashok Leyland Share (6.56%), Endurance Share (6.41%), Voltas Share (6.30%), Whirlpool Share (5.86%) included in midcap rose, while if we look at the companies included in smallcap, Green Power Share (11.99%), IFB India Share (10.85), Amber Share (8.18%) were trading with a rise.
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