A storm of money came in the stock market! 5 year record broken, investors pocketed ₹29 lakh crore in a week

Last week proved to be no less than a jackpot for the Indian stock market. Troubled by the continuous losses and red marks for the last one and a half month, a huge glow returned on the faces of the investors on Friday. The market not only ended its losing streak, but also showed its best weekly performance in the last 5 years. The pace of the rise was such that within just 5 days, about Rs 28.85 lakh crore fell into the pockets of investors.

Days of despair are over, Sensex-Nifty make a stormy comeback

The silence and gloom that had prevailed on Dalal Street for the last 6 weeks ended completely this week. When the market closed on Friday, BSE Sensex took a huge jump of 919 points and crossed 77,550. At the same time, Nifty 50 also crossed the magical figure of 24,000 and closed at 24,051. If we look at the data of the entire week, there was a rise of about 6% in Sensex and Nifty. Even more buying was seen in small and medium stocks (Midcap) and Banking indices, where investors got strong returns of up to 8%.

After all, why did this unprecedented rise occur in the market?

Market experts say that the biggest reason behind this rocket-like rise is the hope for global peace. The news of ceasefire between America and Iran has brought life to the stock markets all over the world. Apart from this, due to the decline in the past few days, shares of many big companies were becoming very cheap, which the investors seized as a big buying opportunity. This time the auto and realty sectors have done wonders and made investors double digit profits. Big fund houses have also invested heavily in the banking sector.

Complete market situation: glow of green mark

Friday was a completely positive day for the market. Of the total 4,449 shares listed on the Bombay Stock Exchange (BSE), 3,362 shares closed with gains. Only 944 shares saw a decline, while 143 shares remained at their previous positions. This figure clearly shows that there is an all-round buying environment in the market.

These stocks made silver, then there was disappointment here

Asian Paints led the list of profit making stocks, gaining about 3.84%. Following this, giants like ICICI Bank, Mahindra & Mahindra, Indigo and Axis Bank also filled the pockets of investors. On the other hand, the day was a bit dull for IT and pharma companies. Sun Pharma became the biggest loser, falling 3.65%. Apart from this, selling pressure was also seen in IT stocks like Infosys, TCS, Tech Mahindra and HCL Tech.