Indian The stock market witnessed a rise in two consecutive sessions. While on Tuesday Sensex closed at 79,476.63 points with a gain of 694.39 points, on the other hand Nifty 50 also closed at 24,213.30 points with a gain of 217.95 points. After this, on Wednesday Sensex closed at 80,378.13 points with a gain of 901.50 points and Nifty 50 also closed at 24,484.05 points with a gain of 270.75 points. Let us tell you that a terrible fall was recorded in the market on Monday, where Sensex closed with a fall of 941 points and Nifty closed with a fall of 309 points.
Increase in investors’ wealth by Rs 10.47 lakh crore
Donald Trump’s victory in the US Presidential elections was the main reason behind today’s rise in the Indian stock market. Trump’s victory saw a strong rise in the shares of Indian IT companies. A rise of 2 percent has been recorded in BSE amid two consecutive days of rise in the Indian market. Due to the rise in these two days, a huge increase of Rs 10.47 lakh crore has been recorded in the wealth of stock market investors.
Stormy rise in IT shares
On Wednesday, there was a strong rise in the shares of IT companies while a decline was recorded in the banking stocks. Today TCS shares saw the highest increase of 4.21 percent. Shares of Infosys 4.06 percent, Tech Mahindra 3.85 percent, HCL Tech 3.71 percent, Adani Ports 3.21 percent, Larsen & Toubro 1.97 percent, Maruti Suzuki 1.62 percent, Sun Pharma 1.55 percent, Reliance 1.50 percent, NTPC 1.43 percent, Bharti Airtel 1.26 percent. Closed with a speed of.
Sensex once again crosses 80,000
At the close of trading on Wednesday, the market cap of companies listed on BSE increased by Rs 10,47,565.48 crore in 2 days to reach Rs 4,52,58,633.53 crore ($5370 billion). Prashant Tapse, Senior Vice President (Research), Mehta Equities Limited, said, “Donald Trump’s victory in the US elections has had a positive impact on global stock markets, including Indian markets. During this period, the Sensex has crossed the level of 80,000 points.
