Share Market: Stormy rise in the stock market today, Sensex rose by 500 points, the market has high expectations from the election results.

Share Market On Election Result Today: Today, on the important day of election results, the Indian stock market has once again seen a stormy rise. Both Sensex and Nifty have opened up with huge gains today and have brought a very good and profitable news for the investors. After the huge fall recorded in the market on Thursday, today’s big jump has brought huge relief to all the businessmen. The market has opened today after a three-day holiday and it has gained tremendous momentum as soon as it opened.

As soon as the market opens in the morning, it has gained a strong hold and is continuously trading at a brisk pace. In the initial trends, this huge surge and enthusiasm among investors has come due to the expectation of BJP’s excellent performance in Assam and Bengal. Investors believe that due to political stability, both the entire business and stock market of the country will become stronger in the coming time. Today, the positive impact of this huge rise in the shares of various major companies is clearly visible.

Situation of Sensex and Nifty

This morning the Sensex opened strongly at 77257.27 with a significant rise of 343.77 points or 0.45 percent. After some time, Sensex started its spectacular trade with a huge jump of 534 points at 77448.34 points. On the other hand, Nifty of National Stock Exchange also opened today at 24245.85 points and remains firmly above 24160.

Rise in shares of companies

In today’s early trading, shares of major auto company Maruti are trading with a huge rise of more than 4 percent. Along with this, the stock of Hindustan Unilever has also easily registered a huge gain of more than 3.10 percent in the market. Investors have also made huge direct profits today in big stocks like Adani Ports, Mahindra & Mahindra and LT.

Before today’s rapid rise, last Thursday there was a lot of disappointment and huge fall in the Indian stock market. On that day, the Sensex closed with huge loss by falling 582.86 points or about 0.75 percent to a low of 76913.50 points. NSE’s Nifty also fell by 180.10 points or 0.74 percent to 23997.55 points in Thursday’s trading.

Also read: After UAE’s exit, OPEC+ took a big decision, will crude oil prices be controlled? know everything

The high level of crude oil in the international market was considered to be the main reason behind this huge fall on Thursday. The weak global trend and continuous selling by foreign investors also had a very negative impact on the Indian domestic market. During that time, big and prominent stocks like Hindustan Unilever, Tata Steel and UltraTech Cement had closed with huge losses for investors.