The stock market has been in a spurt for the last 4 days after witnessing a steep fall in six sessions. The momentum that the Indian stock markets caught on the presentation of the general budget on February 1, 2021, is not taking the name of the momentum. Due to this bull run in the stock market, the total market capital (M-Cap) of the companies listed on the BSE today crossed Rs 200 lakh crore. With this, BSE has now become the 9th largest stock exchange in the world in terms of market capitalization of listed companies. Let us tell you that since the general budget, the total market capital of the companies listed in the BSE has increased by Rs 14 lakh crore.
Reliance Industries is the largest company in the country in terms of M-Cap. Its M-Cap is 12,11,467.12 crore. At the same time, TCS is at number two with an M-Cap of Rs 11,37,985.71 crore. Today, the Bombay Stock Exchange (BSE) Sensex (Sensex) gained 358.54 points to close at 50,614.29 points. At the same time, the National Stock Exchange (NSE) Nifty also gained 105.70 points to close at 14,895.65 points. Today the Sensex touched 50,687 and the Nifty touched a new high of 14,900. Experts expect the Nifty to touch 15,000 figures in a couple of days.
Sensex sprung nearly 10% in 4 days
The Sensex has gained 4328 points in 4 days since the budget. That is, the Sensex has jumped 9.4%. This rapid release in the stock market has returned foreign investors and in these 4 days they have bought shares worth Rs 10,196 crore. Since the budget, the BSE Midcap index has gained 8.4% and the BSE Smallcap index has gained 6.5%. At the same time, the Nifty has gained 9.2% during this period.
These stocks showed the most action
The stock market today witnessed the most action in the public sector, power sector, FMCG, bank stocks, capital goods and auto sector. At the same time, profit booking was seen in Telecom, Consumer durables and IT index. The market is now eyeing the meeting of the Reserve Bank of India (RBI) Monetary Policy Committee on 5 February. Experts expect the RBI to maintain the status quo, thereby maintaining the positivity that has come in the market. The privatization of PSUs and the decision to restructure from the NPA has led to a recovery in banking stocks and FMCG, media and metal stocks remain in focus today.