The stock market has continued to boom since the budget day

The stock market has continued to boom since the budget day. Although the market started on a downward trend today, it finally closed at a record level after a day’s ups and downs. Today, the Bombay Stock Exchange’s flagship index Sensex closed at the level of 50614.29, up 358.54 points, or 0.71 per cent. At the same time, the National Stock Exchange’s Nifty gained 105.70 points (0.71 per cent) to close at 14,895.65.

Economists and market analysts believe the budget presented on Monday is a bold and growth-oriented budget. The market has also considered the proposal of privatization of two state-run banks and monetization of assets like land. After this, the Sensex-Nifty saw a strong boom and reached the highest level.

On February 1, the BSE index closed up five percent. On the Budget day, this is the biggest jump in the Sensex in 24 years. On February 1, the Sensex closed 2314.84 points above the 48600 level. The Nifty closed at 14281.20 with a gain of 646.60 points (4.74 per cent).

Market capitalization of listed companies exceeded GDP of the country
The market capitalization of listed companies has crossed Rs 200 lakh crore for the first time today with an all-round increase. The country’s GDP for 2020-21 is Rs 194.85 lakh crore. That is, the total market capitalization of companies listed on the exchange has exceeded the country’s GDP.

The stock market has continued to boom since the budget day
The stock market has continued to boom since the budget day

Talking about the big stocks, today the shares of SBI, ITC, Bajaj Finance, Shree Cement and ONGC closed on the green mark. IndusInd Bank, UPL, Cipla, Asian Paints and Bharti Airtel closed the red mark.

If we look at the sectoral index, today all sectors except IT closed on the green mark. These include FMCG, Realty, Banks, Private Banks, PSU Banks, Pharma, Metals, Finance Services, Auto and Media.

Today, the Sensex opened 146.11 points (0.29 per cent) lower at 50,109.64 in early trade. The Nifty opened 43.55 points, or 0.29 per cent, at 14,746.40.

On Wednesday, the Sensex closed at 50255.75, up 458.03 points, or 0.92 per cent. The Nifty closed at 14789.95 with a gain of 142.10 points (0.97 per cent).