New Delhi: The rally in the local stock markets continued for the fourth consecutive trading session on Monday and the BSE Sensex jumped over 486 points to close above the 65,000 mark for the first time. The market strengthened mainly due to the rise in global markets and continued foreign capital inflow.
According to traders, Reliance Industries, ITC, HDFC Bank, and HDFC Ltd., have a strong stake in the index. The market also got support from good buying. The 30-share Sensex closed at an all-time high of 65,205.05 with a gain of 486.49 points, or 0.75 percent. During trading, at one stage it jumped 581.79 points to reach a record 65,300.35.
The National Stock Exchange’s Nifty also closed at a record 19,322.55 points with a gain of 133.50 points, or 0.70 percent. During the trading, it jumped 156.05 points to reach its all-time high of 19,345.10 points. This is the third consecutive day when both the benchmark indices have closed at record highs.
Kotak Securities Ltd. Shrikant Chauhan, head of research (retail), said, “Investors are enthusiastic with strong GST collections in June and the arrival of monsoon in most parts of the country in the last few days. The main reason for the boom is strong foreign capital inflows. With the country performing well on most economic parameters, capital inflows are likely to remain strong in the near term.
Reliance Industries was the top gainer of 2.53 percent in Sensex stocks. Apart from this, ITC, Bajaj Finance, State Bank of India, HDFC, UltraTech Cement, NTPC, HDFC Bank, Mahindra & Mahindra, Tata Steel, Bajaj Finserv, and ICICI Bank also gained majorly.
On the other hand, losers included Power Grid, Maruti, Larsen & Toubro, Tata Consultancy Services, Tech Mahindra, Nestle, and Tata Motors. In these, there was a loss of up to 1.86 percent. On the BSE, 1,972 stocks advanced while 1,721 declined. There was no change in the price of 147. BSE Smallcap (Index of small companies) index gained 0.56 percent and the Midcap (Index of medium companies) 0.30 percent.
South Korea’s Cospi, Japan’s Nikkei, China’s Shanghai Composite, and Hong Kong’s Hangseng remain in profit in other markets of Asia. There was a bullish trend in the early trade in the major markets of Europe. American markets were in growth on Friday. Vinod Nair, Head of Research, at Geojit Financial Services, said, “Investor sentiment remained strong due to positive domestic data and global cues. The global market has got support from strong economic data and fears of recession have been removed. India’s stock market trend is broad. The reason for this is the better performance of the energy, financial, metal, and daily use goods (FMCG) sectors. The global oil benchmark climbed 0.97 percent to $76.14 per barrel.
According to stock market data, foreign institutional investors bought shares worth Rs 6,397.13 crore on Friday.
According to the data released by the Finance Ministry on Saturday, the Goods and Services Tax (GST) collection increased by 12 percent in June to Rs 1.61 lakh crore. This is the fourth time since the implementation of GST that the tax collection has been more than Rs 1.60 lakh crore.
BSE’s benchmark index Sensex jumped 486.49 points to close at an all-time high of 65,205.05 points on Monday. During the trading, the Sensex had gone up to a record 65,300.35 points with a gain of 581.79 points.
The major achievements of the 30-share Sensex in recent years are as follows- …
July 3, 2023: The Sensex closed at an all-time high of 65,205.05 points. ,
June 30, 2023 – Sensex closed at the highest level of 64,718.56 points. ,
June 28, 2023 – The Sensex reached the level of 64,000 points for the first time during the day’s trading.
Nov 30, 2022 – Reaches the 63,000 mark for the first time.
October 19, 2021 – Touched the 62,000 mark during the day’s trading.
October 14, 2021 – Crossed the 61,000 mark for the first time both during trading and at the end of the day.
September 24, 2021 – Crossed the 60,000 mark for the first time both during trading and at the end of the day.
September 16, 2021 – Crossed the 59,000 mark for the first time both during trading and at the end of the day.
September 3, 2021 – Crossed the 58,000 mark for the first time both during trading and at the end of the day.
August 31, 2021 – Crossed the 57,000 mark for the first time both during trading and at the end of the day.
August 27, 2021 – Crossed the 56,000 mark for the first time at the close of business.
August 18, 2021 – Crossed the 56,000 mark for the first time during trading.
August 13, 2021 – Crossed the 55,000 mark for the first time both during trading and at the end of the day.
August 04, 2021 – Crossed the 54,000 mark for the first time both during trading and at the end of the day.
July 07, 2021 – Crossed the 53,000 mark at the end of the day for the first time.
June 22, 2021- Reached the figure of 53,000 points for the first time during the business.
February 15, 2021 – came above the 52,000 mark for the first time.
February 8, 2021 – Closed above the 51,000 mark for the first time.
February 5, 2021 – Crosses the 51,000 mark for the first time during day trading.
February 3, 2021 – PClosed above the 50,000 mark for the first time.
January 21, 2021 – Reached the 50,000 mark for the first time in day trading.