Dalal Street regained its glory, Nifty-Sensex made a big jump; Investors earned ₹8 lakh crore in a single day

Share Market Highlights: After Monday’s huge fall, there was a strong rise in the Indian stock market on Tuesday and the main benchmarks of the domestic market, Nifty and Sensex rose by more than 1.5 percent. Auto and bank shares supported the market, with both the key benchmarks closing near their day’s highs. Risk sentiment among investors improved on hopes of easing tensions in the US-Iran war amid contradictory statements from both sides.

At the time of market closing, NSE Nifty-50 was at 22,912.40, up 399.75 points or 1.78 percent, while BSE Sensex was at 74,068.45, up 1.89 percent or 1,372.06 points.

In intra-day trading, Sensex opened at 74,212.47 and reached the day’s high of 74,489.39, while Nifty50 opened at 22,878.45 and touched 23,057.30 at one time. Broader markets outperformed benchmark indices. While Nifty Midcap index registered a gain of 2.60 percent, Nifty Smallcap index recorded a gain of 2.63 percent.

Fastest boom in auto sector

If seen sector wise, a growth of 2.43 percent was recorded in the auto sector. At the same time, Nifty Media (up 3.45 percent) and Nifty Bank sector (up 2.27 percent) also performed better. Apart from this, Nifty IT recorded a rise of 1.72 percent and Nifty FMCG recorded a rise of 1.25 percent.

Sun Pharma shares fall

In Nifty50, IndiGo and L&T shares registered the highest rise of 5.49 per cent and 5.17 per cent respectively. After this, there was a good rise in the shares of Bajaj Finance, Eternal, Asian Paints and Apollo Hospital, while there was a decline in the shares of Coal India, Power Grid, Sun Pharma and Cipla.

Due to this rise in the market, an increase of Rs 7.74 lakh crore was recorded in the total market capitalization (market cap) of the companies listed on BSE, due to which it increased from Rs 415.11 lakh crore earlier (Monday) to Rs 422.85 lakh crore. That means investors made a profit of about Rs 8 lakh crore in a single day.

Also read: Stock market becomes rocket after huge fall, Sensex jumps 1,500 points, Nifty near 22,900

Foreign investors remain sold

in the domestic market foreign investors Selling remains a matter of concern. FIIs remained sellers for the 17th consecutive day. In the cash market he
Net withdrawal of Rs 11,731 crore. At the same time, domestic institutional investors supported the market. DIIs bought for the 19th consecutive day and invested Rs 12,033 crore.