A strong rise is being seen in the stock market 72 hours before the budget. On one hand, Sensex has gained more than 1000 points. On the other hand, Nifty is seeing an increase of more than one and a half percent. If experts are to be believed, tremendous buying is being seen in the shares of Reliance Industry and HDFC Bank. On the other hand, Fed meeting is going to happen. In which it is expected that a reduction in interest rates may be seen. Apart from this, the benefit of increase in crude oil prices is also being seen in the market. Due to this surge, investors have made a profit of Rs 4.96 lakh crore in just three hours. Let us also tell you at what level Sensex and Nifty have reached.
Tremendous rise in stock market
Today the stock market appeared to be becoming a rocket. Bombay Stock Exchange’s main index Sensex is trading at 71,773.48 points with a gain of 1072.81 points. According to the data, Sensex was seen trading at the day’s high with 71,784.74 points. However, life time high Sensex is still 1645 points away. The main index of National Stock Exchange, Nifty, is trading at 21,675.85 points with a gain of 323.25 points. However, during the trading session, Nifty reached the day’s high with 21,678.50 points. According to experts, the stock market may continue to rise in the coming days. Last week, the market had closed with a decline even after opening for less days.
Which stocks rise and fall?
ONGC shares are seeing an increase of 7.63 percent on the National Stock Exchange. At the same time, the shares of Adani Group’s flagship company Adani Enterprises are seeing a rise of 4.90 percent. Shares of Reliance Industries are trading with an increase of 4.54 percent and shares of Coal India are trading with an increase of 4 percent. Shares of Adani Port and SEZ are trading with a rise of 3.90 percent. Among the falling stocks, there is a decline in the shares of Cipla and Dr. Reddy. There is a decline of 2.72 percent in Sipla and 0.89 percent in Dr. Reddy. There is a selling environment in Bajaj Auto along with 0.73 percent in ITC and Infosys.
Investors got profit of Rs 4.96 lakh crore in 3 hours
Due to this tremendous rise, investors have also made a profit of Rs 4.96 lakh crore in 3 hours. In fact, the profit and loss of investors is hidden in the market cap of BSE. When the market closed on the last trading day of last week, the market cap of BSE was Rs 3,71,12,123.08 crore. Which reached Rs 3,76,09,060.40 crore at 12:15 pm today. This means that investors made a profit of Rs 4,96,937.32 crore in just 15 minutes.