Lucknow, Read: The Indian stock market started trading on Thursday (November 5) with a bumper gain. The market became a rocket as soon as it opened due to all-round shopping and heavy buying. Bombay Stock Exchange (BSE)'s 30-share major index Sensex opened at 78,730.95 with a huge jump of 1,429.55 points or 1.85 percent. At the same time, Nifty-50 of National Stock Exchange (NSE) also jumped by 403.55 points or 1.68 percent to reach a high of 24,364.15.
Investors' wealth increased by ₹9.66 lakh crore
This boom, which came just before Dhanteras and Diwali, has also led to a tremendous increase in the wealth of investors. The total market capitalization (market cap) of all the companies listed on the Bombay Stock Exchange (BSE) in one stroke crossed ₹ 5,00,14,734 crore from ₹ 4,90,48,312 crore in the last trading session. That is, in the initial trading alone, a huge increase of about Rs 9.66 lakh crore (about Rs 10 lakh crore) was recorded in the wealth of investors.
Stormy boom in auto, banking and IT sectors
During trading, almost all the major sectoral indices were seen swinging in the green. Cement index was ahead by rising 2.84% and Nifty Auto index was ahead by 2.40%. A jump of 2.38% was seen in Nifty Financial Services, 2.16% in Nifty Realty and 1.94% in Nifty Private Bank. Along with this, Nifty Bank also rose by 1.83% to the level of 56,937.50. Nifty IT index managed to gain 1.78%.
Indigo jumped 6.6%, there was heavy buying among the giants
Shares of InterGlobe Aviation (IndiGo) became the top gainer among Nifty-50 leaders with a record jump of 6.60% to reach ₹ 5,480. Apart from this, strong buying was also recorded in Asian Paints (+4.62%), Shriram Finance (+3.44%), HDFC Bank (+3.16%), Kotak Bank (+2.84%) and Bajaj Finance (+2.62%). Only Dr. Reddy's Labs, Cipla, Coal India and ONGC were among the select stocks that performed sluggishly.
Also read: Share Market Today: Bullish pace continues in early trading in domestic stock markets, Sensex rises 615 points; Nifty crosses 23588