Sunday, April 14, 2024

Stock Market Closing Bell | April 1 boom! Sensex, Nifty hit new highs, investors earn Rs 6.38 lakh crore | leader

Leaders Online Desk: The Indian stock market had a strong opening on the first day of the financial year 2024-25. The stock market continued to rise for the third consecutive session. Sensex and Nifty hit new record highs on Monday (April 1). The Sensex touched the 74,254 mark for the first time in today's trading session. Nifty hit a new high of 22,529. The Sensex then rose 363 points to settle at 74,014. While the Nifty rose by 135 points to close at 22,462. (Stock Market Closing Bell)

All the sectoral indices except Auto traded higher today. Metal, power, capital goods, healthcare, realty indices rose by 1-3 percent. While oil and gas, IT, banks increased by 0.5 percent each. The BSE midcap index closed up 1.6 percent and the smallcap index closed up nearly 3 percent.

6.38 lakh crore benefit to investors

Market capitalization of all listed companies on BSE increased by Rs 6.38 lakh crore to Rs 393.35 lakh crore due to today's rally in the market. On March 28, the market capitalization was Rs 386.97 lakh crore.

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'This' shares are booming

Sensex opened at 73,968 today. It then recorded a rise to 74,254 points. Top gainers on Sensex were JSW Steel, Tata Steel, Ultratech Cement, NTPC, LT, HDFC Bank, Power Grid, Wipro, Asian Paints, TCS. While the shares of Titan, Nestle India, Bharti Airtel, IndusInd Bank fell.

Sensex closed 363 points higher

On the Nifty, shares of JSW Steel, Tata Steel, Divis Lab, Shriram Finance, Adani Ports gained between 2 to 5 percent. While the shares of Eicher Motors, Titan, Nestle India fell.

Investors rejoiced

A rally in financial services and metal stocks and some easing in US inflation cheered investors. The positive results of this were seen in the market today. Now the attention of the investors has turned to the monetary policy meeting of the Reserve Bank of India. This meeting will be held from 3rd to 5th April. RBI has kept the repo rate unchanged for the past few days. Investors are also keeping an eye on quarterly reports between January-March, inflow of foreign investors into the Indian market, crude oil prices and other global cues. (Stock Market Closing Bell)

Inflow of foreign investors increased

In the financial year 2023, investors were more focused on selling. But in the financial year 2024, the inflow of foreign investors into the Indian market increased. He invested around Rs 2 lakh crore in the Indian stock market this year. Buying by institutional investors, both foreign and domestic, along with retail investors, has helped the market reach new highs in FY2024.

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