Share Market Update : After the spectacular rise in the stock market in the last two trading sessions, there has been a jump of more than Rs 5.50 lakh crore in the wealth of investors.
Stock Market Closing On 11 October 2023: After seeing a huge fall in the stock market on the first trading day of this week due to the war between Israel and Hamas, the Indian stock market has closed with a strong rise for the second consecutive trading session. This rise has been seen in the market due to buying in banking, FMCG and energy stocks. At the end of today’s trading, BSE Sensex closed at 66,473 points with a rise of 393 points, while Nifty of National Stock Exchange closed at 19,811 points with a rise of 121 points.
Condition of the sector
In today’s trade, Nifty FMCG index closed with a rise of 0.85 percent due to buying in FMCG stocks. Nifty Energy 0.89 percent, Metals, Banking, Pharma, Infra, Consumer Durables, Healthcare, Oil & Gas, Auto sector stocks closed with gains. Whereas IT and PSU bank stocks closed with a decline. Good buying was also seen in mid cap and small cap stocks in today’s trade. In today’s trade, out of 30 Sensex stocks, 24 stocks closed with gains and 6 closed with losses. Whereas out of 50 shares of Nifty, 39 shares closed with gains and 11 closed with losses.
Sharp rise in investors’ wealth
Due to the rise in the stock market for the second consecutive day, there has been a huge jump in the wealth of investors. In today’s trade, the market capitalization of companies listed on BSE has increased to Rs 321.61 lakh crore, which was Rs 319.75 lakh crore in the previous session. There has been a jump of Rs 1.86 lakh crore in investors’ wealth in today’s trade.
Rising and falling shares
In today’s trade, Wipro closed with gains of 3.39 percent, UltraTech Cement by 2.09 percent, Reliance by 1.62 percent, HUL by 1.57 percent, Nestle by 1.15 percent. While HCL Tech closed with a fall of 1.51 percent, TCS 0.42 percent, SBI closed with a fall of 0.41 percent.
