After two days of decline, the stock market opened sharply on the second trading day of the week today, Tuesday and it closed on the green mark after the day's ups and downs. The Bombay Stock Exchange's flagship index Sensex closed at a level of 49398.29 with a strong gain of 834.02 points, or 1.72 percent, amid positive global trends. At the same time, the National Stock Exchange's Nifty gained 239.85 points (1.68 percent) to close at 14521.15.
Last week, the 30-share BSE Sensex gained 252.16 points or 0.51 percent. The National Stock Exchange's Nifty climbed 86.45 points or 0.60 percent. Investors are worried about an investment before the Union Budget because according to most market analysts, due to Corona, this time budget will not be as expected. Hence the market continues to fluctuate.
Reliance's market cap reached 13 lakh crore
The country's most valuable company Reliance Industries played an important role in the market boom. Shares of the company rose by 1.57 percent today and it reached Rs. 2015. Earlier on Monday, it had gained 2.4 percent. The company will announce its quarterly results on Friday. With the rise in stocks, the market cap (market capitalization) of Reliance has once again reached above Rs 13 lakh crore. Currently, it is Rs 13.24 lakh crore.
Such was the situation of veteran shares
Talking about the big stocks, today the shares of Tata Motors, Hindalco, Sun Pharma, Bajaj Finserv, and Bajaj Finance closed on the green mark. The shares of ITC, Tech Mahindra, Britannia, and M&M closed at the red mark.
Sectoral index tracking
If we look at the sectoral index, then all the sectors closed on the green mark today. These include FMCG, PSU Bank, Pharma, Auto, IT, Bank, Media, Private Bank, Metal, Realty, and Finance Services.
Continued pickup in the market in 2020
The year 2020 was a big development for the stock markets. In March 2020, the coronavirus epidemic hit India. The coronavirus also did not leave the stock market untouched. The domestic market fluctuated. While the stock market went bust in March, the Sensex-Nifty recovered the entire loss in 2020 at the end of the year.
The market was open on the edge
Today, the Sensex opened 359.64 points (0.74 percent) at 48,923.91 in early trade and the Nifty opened 100.10 points or 0.70 percent at 14,381.40.
The market was closed on the red mark on Monday
The stock market closed on the red mark after Monday's day-long volatility. The Sensex was down 470.40 points, or 0.96 percent, to close at the level of 48564.27. The Nifty was down 152.40 points (1.06 percent) at 14281.30.