Sensex today: The brakes were put on the decline of three days today and the stock market showed a strong uptrend. The 30-share index Sensex closed at 52,837 today with a gain of 639 points (+1.22%). Nifty closed at 15824 level with a gain of 192 points (+1.23%). Out of 30 of the Sensex, 26 shares closed with a rise and only 4 shares fell.
After today’s rally, the market cap of BSE listed companies increased to Rs 234 lakh crore. On July 20, it was Rs 231 lakh crore. In this way, there has been a jump of 3 lakh crores in the wealth of investors in one day. Shares of Tech Mahindra, Bajaj Finance, Bharti Airtel, Bajaj Financial Services and Tata Steel were the top gainers today. Hindustan Unilever, Asian Paints, Bajaj Auto and Mahindra & Mahindra were the top losers today.
Buyers are sitting on every fall
Stock market experts are giving four main reasons for the rise in the market. There is a bullish trend in the global market, whose effect is visible in the domestic market as well. The market has been trading in a range for a long time. In such a situation, the buyers again dominated the decline of three days. Whenever sellers dominate the market, buyers take advantage of the fall and expand the portfolio.
The effect of rupee appreciation against dollar
Apart from this, there is a decline in crude oil while the value of rupee is rising. Crude oil is currently at the level of $ 72.84 per barrel in the international market. Against the dollar, the rupee today closed at 74.46 with a strength of 15 paise.
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