The Stock Market Boomed At A Record Level, Crossed 56000 For The First Time

The Indian stock market reached a record level of 56000 on Wednesday, breaking all the records so far. Sensex and Nifty witnessed tremendous jump during trading. Sensex was seen trading at a record level of 56,086 points. The business also started at a new level of 56073 points. Significantly, on Tuesday too, the process of making new records of Sensex and Nifty continued. Amid a weak global trend, buying in shares of IT, FMCG, and pharma companies are giving rise to the market. The 30-share Sensex of the Mumbai Stock Exchange reached its new all-time high of 55,854.88 points during the day's trading on Tuesday. After this, Sensex closed at its new record level of 55,792.27 points with a gain of 209.69 points or 0.38 percent. Most of the shares of the Sensex 30 index appeared with green marks. Here Nifty-50 also touched the record level of 16,693 points with the opening of the market and the business started with 16691 points.

Record level of National Stock Exchange

Talking about the Nifty of the National Stock Exchange, it closed at its new record level of 16,614.60 with a gain of 51.55 points or 0.31 percent. During trading, Nifty was seen touching its all-time high level of 16,628.55 points.

The rise in the shares of these companies

Among Sensex companies, Tech Mahindra shares have risen more than three percent. The share of HDFC has also seen a jump of two percent. Shares of TCS, Infosys, Nestle India, and Hindustan Unilever also gained.

The fall in the shares of these companies

IndusInd Bank, NTPC, Bharti Airtel, L&T, and Mahindra & Mahindra were among the losers. 30 shares of Sensex, 18 tied for profits and 12 for losses. Vinod Nair, Head of Research, Geojit Financial Services, said that the concern has increased due to the increase in the rate of infection globally. The government has tightened the regulations for China's internet sector.” The impact of which is visible on the Indian market. Apart from this, talking about other Asian markets, China's Shanghai Composite, Hong Kong's Hang Seng, and South Korea's Kospi closed with a significant fall.