The Indian stock market concluded Friday, December 1, with a splendid surge. While the Sensex witnessed a leap of 500 points, the Nifty crossed the 20,250 mark. During the day’s trading, the Nifty reached a new all-time high of 20,291. This momentum propelled investors’ wealth by approximately 1.96 lakh crore rupees throughout the day.
The bullish sentiment in the market was attributed to positive GDP growth figures in the September quarter, the return of foreign investors to the market, and the BJP’s lead in exit polls in two states. Mid-cap and small-cap stocks showed robust buying activity. However, except for the automobile sector, all sectoral indices on the BSE closed in the green.
At the market’s close, the BSE Sensex soared by 492.75 points or 0.74% to settle at 67,481.19 points. Simultaneously, the Nifty, representing 50 shares on the NSE, surged by 134.75 points or 0.67%, closing at 20,267.90.
Investors Earn ₹1.96 Lakh Crores
The total market capitalization of listed companies on the BSE surged to 337.40 lakh crore rupees on December 1, up from 335.60 lakh crore rupees on the previous trading day, Thursday, November 30. Consequently, the market cap of BSE-listed companies increased by around 1.96 lakh crore rupees. In other words, investors’ wealth grew by about 1.96 lakh crore rupees.
The rally persisted among 2,139 shares
At the Bombay Stock Exchange (BSE) today, the number of shares concluding with gains remained higher. A total of 3,872 shares were traded on the exchange today, out of which 2,139 shares closed with gains. Conversely, 1,603 shares witnessed declines, while 130 shares closed flat without any significant change. Additionally, 373 shares touched their new 52-week highs during the trading session. Meanwhile, 23 shares hit their new 52-week lows.Disclaimer: The information provided here is for informational purposes only. It is essential to note that investing in the market involves risks. Before investing money as an investor, always seek advice from an expert. ManiControl does not provide any advice here to invest money at any time.
Disclaimer: The information provided here is for informational purposes only. It is essential to note that investing in the market involves risks. Before investing money as an investor, always seek advice from an expert. FinanciallyPro.in does not provide any advice here to invest money at any time.
