Mumbai. After falling for five consecutive trading sessions last week, the domestic stock market made a strong comeback on Monday. The easing of tensions at the global level and the hope of peace talks between the US and Iran boosted the confidence of investors, due to which the Sensex and Nifty closed with a gain of about one percent. The 30-share BSE Sensex rose by 776.01 points or 1.02 percent to close at 76,835.78 points. At the same time, the NSE Nifty-50 index rose by 228.50 points or 0.96 percent to reach 23,995.95 points.
Investor wealth increased by Rs 5.10 lakh crore
Due to the boom in the stock market, there was a huge increase in the wealth of investors. The total market capitalization of companies listed on BSE increased by Rs 5,10,561.8 crore to Rs 4,80,80,037.04 crore. The boom in the market also affected mid-cap and small-cap stocks. BSE small-cap index closed with a gain of 1.71 percent and mid-cap index closed with a gain of 1.65 percent.
Shopping across all sectors
The market witnessed widespread buying on Monday. The IT, media, and realty sector indices rose by more than two percent. Auto, FMCG, pharmaceutical, healthcare, and chemical sectors also saw strength. Of the 3,446 companies trading on the NSE, 2,259 stocks closed with gains, while 1,071 declined.
Shares of Indigo, Infosys and Bajaj Finance shine
Of the 30 Sensex stocks, 28 rose. Eternal gained 5.63 percent, Indigo 4.94 percent, Infosys 3.66 percent, and Bajaj Finance 3.50 percent. Shares of Asian Paints, Mahindra & Mahindra, Bajaj Finserv, Maruti Suzuki, HCL Technologies, and TCS also gained. However, HDFC Bank closed with losses.
The impact of the boom in global markets
The US decision to halt military action against Iran and the possibility of peace talks created a positive atmosphere in the global markets. In Asian markets, China’s Shanghai Composite closed with a gain of 1.15 percent, Hong Kong’s Hang Seng 0.98 percent and Japan’s Nikkei 0.50 percent. According to experts, the reduction in international tension and softening of crude oil prices have strengthened the market sentiment. If the global situation remains stable, the positive trend in the market may continue in the future also.