The stock market in India has set a great record. The local stock market traded with a boom on Monday. Both the benchmark indices Sensex and Nifty have seen a tremendous increase. Both Sensex and Nifty have closed at record levels.
Investors have made a lot of money on the very first day of the trading week. Here, the domestic market remained in the green due to strong capital inflow from foreign institutional investors and strong trend in other Asian markets. Sensex remained in the green throughout the day including the opening session. During this period, Sensex closed at its highest level of 84,928.61 points with a gain of 384.30 points i.e. 0.45 percent. During trading, it jumped 436.22 points to reach a record 84,980.53 points.
On the other hand, the National Stock Exchange’s Nifty also continued to trade in the green. Nifty gained 148.10 points or 0.57 percent. Nifty also closed at a new peak of 25,939.05 points. During trading, it rose 165.05 points to reach a record 25,956 points. Out of the 30 companies of the Sensex on the very first day, the shares of Mahindra & Mahindra, State Bank of India, Bharti Airtel, Hindustan Unilever, Kotak Mahindra Bank, UltraTech Cement, Adani Ports and Tata Steel were the biggest gainers. On the other hand, the shares that were in loss include ICICI Bank, IndusInd Bank, Asian Paints, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services and Larsen & Toubro.
Talking about the foreign stock market, South Korea’s Kospi and China’s Shanghai Composite Index were in profit in other Asian markets. Hong Kong’s Hang Seng was seen trading in loss. The market in Japan was closed on Monday due to holiday. There was a mixed trend in trading in major European markets. The US markets closed with a mixed trend on Friday. Global oil benchmark Brent crude was at $ 74.55 per barrel with a gain of 0.09 percent. The BSE Sensex on Friday climbed 1,359.51 points to an all-time high of 84,544.31 points and the NSE Nifty jumped 375.15 points to close at a new peak of 25,790.95 points.
