Share Market Updates: Investors of stock market became rich on the first day of the week, today earned 1.8 lakh crores

Share Market Updates: Due to the boom in the stock market, investors earned 1.80 lakh crore rupees in a day.

The stock market gained momentum on the first day of the week. Today, the Sensex gained 508 points to close at 48,386 and the Nifty gained 144 points to close at 14485. In the Sensex’s 30, 23 stocks gained and six stocks closed down. Axis Bank, ICICI Bank, Ultratech Cement, SBI were the top gainers and HCL, HDFC Bank, Maruti and Sun Pharma were the top losers.

Today, the market cap of BSE listed companies was Rs 204.17 lakh crore when the market closed. It was Rs 202.37 lakh crore in the previous trading session. In this way, investors earned 1.80 lakh crore rupees in a day. Regarding the boom in the market, Binod Modi, head of Reliance Securities, said that there is an atmosphere of positivity in the market right now. Due to Corona, investor confidence is sure to be shaken but manufacturing and infrastructure work is still going on. This is the reason that despite increasing cases of corona, economic activities have weakened, but have not come to a standstill.

Vinod Modi, strategic head of Reliance Securities, said, “The market did not favor the uptick in Kovid-19 cases and the market was boosted by a good boom mainly in financial companies.” He said that most of the major segment-wise except pharmaceuticals The index remained in profit. The market was strengthened due to better results for the March quarter of companies led by ICICI Bank.

Meanwhile, according to the data released by the Ministry of Health on Monday, the total number of infected people has increased to 1,73,13,163 after the number of new cases of Kovid-19 in the country in the last 24 hours has increased to 1,73,13,163 while the number of under-treated patients is 28 lakh. Has been exceeded. In other Asian markets, Shanghai and Hong Kong were at a disadvantage, while Tokyo and Seoul were at a profit. In the major markets of Europe, there was a loss in the mid-day trade. Meanwhile, the international oil standard Brent crude dropped 1.74 percent to reach $ 64.28 a barrel.