Mumbai Before Dhanteras, huge buying by investors was seen in the stock market. There was a strong rise in the domestic stock market on Thursday and BSE Sensex jumped by 2,008.61 points or 2.60 percent and crossed 79 thousand. At the end of trading, the Sensex closed at 79,310.01 points. At the same time, Nifty-50 of National Stock Exchange (NSE) also reached 24,536.60 points with a gain of 576 points or 2.40 percent. The main reason behind this rise in the market is said to be the enthusiasm of investors regarding the results of the US mid-term elections.
On Thursday, BSE Sensex jumped 2,008.61 points (2.60 percent) and closed at 79,310.01 points, crossing the 79 thousand mark due to buying by investors encouraged by the results of the US mid-term elections. The Nifty-50 index of the National Stock Exchange also increased by 576 points or 2.40 percent to reach 24,536.60 points. The victory of the opposition Democratic Party in the mid-term elections in America has given investors hope that the situation in West Asia will become normal. Due to this, crude oil fell by about 10 percent on Wednesday and buying was seen in almost all the major stock markets today.
Auto and banking stocks shine the most
There was all-round buying in the market on Thursday. At the domestic level, all the indices in the macro market also remained in the green. Nifty Midcap-50 index closed with a gain of 1.87 percent and Smallcap-100 index closed with a gain of 0.56 percent. Among the sector-based indices, auto stocks gained the most momentum. Among sector-based indices, Nifty Auto closed up 4.14 per cent. The index of financial services group gained 3.99 percent, realty 3.52, cement 3.36, banking 3.33, IT 2.42, consumer durable products 2.32 and pharma one percent.
Nearly 8 percent jump in Bajaj Finance
Among the Sensex companies, Bajaj Finance stock shone the most and closed with a gain of about 7.75 percent. Among Sensex companies, Bajaj Finance's share jumped by 8.25 percent. There was a rise of 6.25 per cent in Indigo, 5.25 per cent in both ICICI Bank and Maruti Suzuki, and 5 per cent in Mahindra & Mahindra.
Shares of Bajaj Finserv and Asian Paints gained about four and a half percent. Shares of Axis Bank, Eternal, UltraTech Cement, Infosys and HDFC Bank closed three to four percent higher. Shares of State Bank of India, Sun Pharma, L&T, TCS and Tech Mahindra gained two to three percent. NTPC shares fell by more than one and a half percent. BEL, Adani Ports, ITC and Power Grid also declined.
However, in this bullish environment, some shares also remained under pressure. NTPC shares fell by more than one and a half percent. Shares of BEL, Adani Ports, ITC and Power Grid also declined.