Share Market Update: In today’s stock market, where IT and energy sector stocks are booming, there was tremendous enthusiasm in midcap stocks.
Stock Market Closing On 2nd May 2023: After a long holiday, the first trading day of the month of May has been great for the Indian stock market. Due to the buying of investors, the market has closed at a fast pace. At the end of today’s trading, the BSE Sensex closed at 62,353 with a jump of 242 points and the National Stock Exchange’s Nifty closed at 18,147 points with a jump of 82 points.
Condition of the sector
In today’s trade, the shares of Banking, IT, Auto, Metals, Energy, Infra, Consumer Durables and Oil & Gas sectors closed at a brisk pace. Heavy buying was also seen in mid-cap and small-cap stocks. Nifty Midcap closed with a gain of 0.97 per cent or 307 points. Of the 30 Sensex stocks, 16 closed higher and 14 closed down. Whereas, out of 50 stocks of Nifty, 31 stocks closed up and 19 closed down. Today’s trade in Railway Stocks showed strong momentum.
Climbing stocks
Tech Mahindra 2.92 per cent, NTPC 2.56 per cent, Tata Steel 2.22 per cent, Maruti Suzuki 2.14 per cent, Infosys 2 per cent, Power Grid 1.37 per cent, Axis Bank 1.23 per cent, Reliance 0.86 per cent, Titan Company 0.86 per cent, Wipro 0.83 per cent in today’s trade. closed with.
Falling stocks
Looking at the falling stocks, Sun Pharma closed with a decline of 1.45 per cent, UltraTech Cement 1.28 per cent, Bharti Airtel 1.11 per cent, Tata Motors 1.01 per cent, Kotak Mahindra 0.89 per cent, Bajaj Finance 0.51 per cent.
| index name | closure level | high level | low levels | percentage change |
| BSE Sensex | 61,354.71 | 61,486.24 | 61,255.00 | 0.40% |
| BSE Small Cap | 29,100.50 | 29,217.42 | 28,985.46 | 0.63% |
| India VIX | 11.90 | 12.06 | 10.95 | 8.68% |
| NIFTY Midcap 100 | 32,101.80 | 32,171.80 | 31,926.85 | 0.97% |
| NIFTY Smallcap 100 | 9,739.10 | 9,776.95 | 9,709.90 | 0.69% |
| nifty smallcap 50 | 4,461.45 | 4,486.30 | 4,451.25 | 0.57% |
| Nifty 100 | 17,989.30 | 18,020.60 | 17,943.50 | 0.48% |
| Nifty 200 | 9,455.00 | 9,471.50 | 9,427.55 | 0.54% |
| Nifty 50 | 18,147.65 | 18,180.25 | 18,101.75 | 0.46% |
Big jump in investors’ wealth
Due to the spectacular boom in the stock market, there has been a boom in the wealth of the investors. The market capitalization of the company listed on BSE has increased to close at Rs 271.82 lakh crore, which closed at Rs 271.71 lakh crore in its first trading session.
