Due to the fall in the US and Asian markets, the domestic stock market opened on a decline on Tuesday, the second trading day of the week. But expectations of better quarterly results during the business and positive news about the Corona vaccine sparked investor enthusiasm and finally closed on the green mark. The Bombay Stock Exchange's flagship index Sensex gained 0.54 percent to close at 260.48 points at 48437.78, its highest level. At the same time, the National Stock Exchange's Nifty gained 66.60 points (0.47 percent) to close at 14199.50.
The boom in market capitalization of companies
Due to all-round buying in the market, the total market capitalization of listed companies on the BSE crossed the Rs 191 lakh crore mark for the first time. For the first time during the business, the share of Tata Consultancy Services (TCS), the country's largest IT company, reached its all-time high. The company's market cap has reached close to Rs 12 lakh crore. In this way, TCS will become the second company after Reliance Industries (RIL) to achieve this position. TCS has gained about 8.5 percent in the three trading sessions in January.
The domestic market has maintained a bullish trend for the past several days. The BSE Sensex had gained 895.44 points, or 1.90 percent, in the previous week. According to analysts, the market will continue to fluctuate further. Hence investors should be cautious.
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.
Such was the situation of veteran shares
Talking about the big stocks, today Axis Bank, HDFC, HDFC Life, IndusInd Bank, and Wipro shares closed on the green mark. ONGC, Hindalco, Tata Steel, Bajaj Finance, and JSW Steel closed at the red mark.
Sectoral index tracking
If we look at the sectoral index, today, apart from reality, auto, and metal, all sectors closed on the green mark. These include banks, private banks, PSU banks, financial services, FMCG, IT, pharma, and media.
When did the market break the record?
After reaching a low level in March, the Sensex had crossed 40 thousand to 40182 on October 8.
The Sensex then closed at 41,340 on November 5.
On November 10, the index rose to 43,227 intraday.
On November 18, it reached the level of 44180.
On December 4, it crossed the 45000 marks and closed at 45079.
On December 11, the Sensex closed at 46099 above 46 thousand and on December 14 it closed at 46,253.46 points. During this time the Nifty reached its all-time high of 13558.15 points.
On December 28, the Sensex had jumped and closed at 47353.
On January 4, the Sensex set a new record and closed for the first time at 48176.80 above 48000.
Today, January 5, the Sensex closed up 260.98 points at 48437.78.
The market was open on the decline
The domestic stock market started on a decline today due to weak global cues. The Sensex was down 183.10 points (0.38 per cent) to open at 47,993.70. The Nifty was down 0.40 percent (56.90 points) at 14,076.
The market was closed at the highest level on Monday
The domestic stock market rose on Monday and closed at the highest level. The Sensex gained 0.64 percent to close at 3017.82 points at 48176.80. The Nifty closed at 14132.90 with a gain of 114.40 points (0.82 percent).