- 1000 point jump in fifty-two session, fifth biggest gain
- At the close of business Nifty rose 176 points to 19996 with Sensex rising 528 points to cross 67,000.
- Investor's assets Rs. 3.32 lakh crore increased to Rs. 324.26 lakh crores
- Mid-cap stocks rally worrisome Read Business Pages
AHMEDABAD: A big bull run that started in April in the Indian Stock market stopped in July but again last week after the consolidation phase from the beginning of September, the market is showing a new bullish trend and in the same current, the Nifty 50 index made a new life high today with a new intraday high of 20,008. touched a high, while the Sensex again touched the 67000 mark.
After crossing 19,000 for the first time on June 28, the Nifty jumped 1,000 points in 52 trading sessions and crossed the 20,000 level today. Although the index was poised to cross 20,000 in July itself, it made a record high of 19,992, just eight points away, but saw heavy selling from the top.
It is worth mentioning here that if the Nifty had crossed the 20,000 level in July itself, it would have been the fastest 1000 point rise in the history of the index. However, this still ranks as the fifth-fastest 1,000-point rally with a 52-session rally.
At the end of August, the market was in danger of breaking the level of 19,000, but with a great start to the September F&O expiry, a jump of about 700 points from 19,200 has already been seen. With this, the index has increased by more than 3150 points from its low of 16,828 on March 20, 2023.
19,000 to 20,000 has been the most important contributor to this ups and downs boom. Then Infosys and Larsen & Toubro are included in the list of top contributors. Together, the three stocks contributed almost more than half of the 1,000-point surge.
However, there are some stocks like HDFC Bank, Kotak Mahindra Bank, Asian Paint, UPL which did not participate in this boom. However, HDFC Bank has played a major role in the upheaval seen in the index since the launch of the F&O series in September.
In percentage terms, shares of state-owned companies like NTPC and Coal India in the Nifty 50 have increased, while UPL, Britannia and HUL are the top losers.
At the close of business today, the Nifty rose 176.40 points to close at a new high of 19996.35, while the Sensex rose 528 points to close at 67,127 after jumping back to the 67,000 level. Today, the investor's assets are Rs. 3.32 lakh crore and finally Rs. 324.26 lakh crores.
- Boom in world stock markets: Investors eye on US inflation
BEIJING: Most of the world's stock markets were bullish today. Global stock markets are awaiting US inflation and Chinese economic data. Benchmarks in Hong Kong and Tokyo saw declines. While an increase was seen in Shanghai, Paris, Frankfurt and London. The stock market of Germany was also booming today. China's economic figures will be released this week.
A look at Nifty moves | ||
Nifty Index | Time in a month | achieve the surface when did it happen |
9000 to 10,000 | 28 | July 2017 |
10000 to 11000 | 6 | January 2018 |
11000 to 12000 | 16 | May 2019 |
12000 to 13000 | 18 | November 2020 |
14000 to 15000 | 2 | February 2021 |
15000 to 16000 | 6 | August 2021 |
16000 to 17000 | - | August 2021 |
17000 to 18000 | 2 | October 2021 |
18000 to 19000 | 21 | June 2023 |
19000 to 20000 | 3 | 11 September 2023 |