On the occasion of Janmashtami, the stock market is witnessing a bullish trend right from the morning. Around 10 AM, the BSE Sensex showed an impressive gain of over 500 points. Concurrently, the Nifty index is trading near the significant 25,000 points mark. The surge in the stock market is largely attributed to the rising shares of Tata group companies. Tata Consultancy Services (TCS) shares have seen an increase of about 2%, while Tata Motors and Titan also recorded significant gains. Thanks to this upward movement, investors have managed to earn an astounding ₹2.87 lakh crore within just half an hour of trading. Let’s take a closer look at the key figures and trends in the stock market today.
Surge in Sensex and Nifty
On this promising first trading day of the week, the stock market is showing robust growth. The Bombay Stock Exchange’s (BSE) benchmark index, Sensex, has gained 557 points, reaching 81,643 points. Market analysts believe there could be further gains during the trading session. On the other hand, the National Stock Exchange’s (NSE) benchmark index, Nifty, has observed an increase of 153 points, trading at 24,976.20 points. Throughout the session, Nifty even peaked at 24,987.55 points. Traders speculate that amid the Janmashtami festivities, Nifty could potentially cross the 25,000 points milestone.
Trading Highlights: Gainers and Losers
Highlighting the stocks that are performing exceptionally well, shares of Wipro and ONGC on the NSE have surged by over 2%. TCS shares are also witnessing approximately a 2% increase. Other notable gainers include Bajaj Finserv and L&T Finance Holdings, which have seen a rise of 1.71%. However, there are a few stocks in decline: Hero Motors, Grasim, BPCL, Adani Ports, and HDFC Life are experiencing less than a 1% dip.
Table of Key Market Indicators
| Index | Current Points | Change (Points) |
|---|---|---|
| BSE Sensex | 81,643 | +557 |
| NSE Nifty | 24,976.20 | +153 |
| TCS | – | +2% |
| Bajaj Finserv | – | +1.71% |
| Hero Motors | – | -1% |
Investors’ Gains: A Record Day
For investors, Monday has turned out to be extraordinarily profitable. In merely 30 minutes of trading, an astonishing ₹2.87 lakh crore was added to investors’ portfolios. This amount reflects the fluctuations in the BSE market capitalisation. At approximately 9:45 AM, the market cap of BSE reached ₹4,62,83,798.24 crore, compared to ₹4,59,96,548.98 crore the previous Friday. In USD terms, the BSE market capitalisation has surpassed a remarkable $5.5 trillion, marking a significant achievement for the Indian stock market.
