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The market broke all records due to these 5 reasons, Sensex strengthened by 689 points; Investors earned 2.5 lakh crores

Sensex, Nifty Break Records: Investor’s wealth rose by Rs 2.5 lakh crore on January 8 in the stock market.

The stock market has seen stormy rise on 8 January. In today’s business, the Sensex and Nifty have broken all their records in intraday. In intraday, the Sensex rose by about 750 times to reach the level of 48,854. At the same time, the Nifty also strengthened to 220 points and reached the level of 14367. The closing of the market also occurred at a record level with some fall from the upper levels. Currently, in this boom of the market, the wealth of investors has increased by about 2.5 lakh crores in 1 day. Investors have cut silver heavily in IT, auto and pharma stocks today. In addition to the large-cap, there has been strong action in midcap and smallcap stocks.

Market cap reached near 1.96 lakh crore

On 8 January 2021, the market cap of BSE listed companies has increased to Rs 1,95,63,152 crore. Earlier on Thursday, the market cap of BSE listed companies closed at about Rs 1,93,18,127 crore. That is, the wealth of investors has increased by about Rs 2.5 lakh crore in 1 day. At the same time, in January, so far investors have earned about 7.5 lakh crore rupees from the market. The market cap of the market at the end of December was Rs 1,88,03,518.60 crore. The reason behind the market boom… ..

Better than expected quarterly results

With the TCS results, the earning season starts for the third quarter from today. Experts hope to have better corporate earnings this time. According to brokerage house Motilal Oswal, this could prove to be another strong quarter for the pharma, metals and cement sectors. Demand recovery during the festive season was better in the December quarter. Demand growth is expected to continue even further in the hope of starting vaccination soon for the prevention of coronavirus. According to the brokerage, 7 percent growth is expected in Nifty companies on an annual basis. At the same time, PBT / PAT can show 20 percent / 17 percent growth on an annual basis.

Good signs from global market

Today there are strong signals from the global market for the stock market. After the transfer of power was cleared in the US, there was a good boom in the markets there. On Thursday, the Dow Jones closed strong by around 212 points. Nasdaq gained 327 points, while the S&P 500 index gained 55.65 points. While today, TCS quarterly results are coming. Before the results, IT stocks are very strong. The Nifty IT index has gained 1.5 percent. Infosys and Tech Mahindra are up more than 2 percent. TCS is also trading at 1.5 per cent interest.

IT shares rise strongly

Today, before the quarterly results of TCS, there has been a sharp rise in IT shares. The Nifty IT index has gained 3.61 percent. Tech Mahindra and Wipro are up 5 percent. Infosys is up 4 percent and HCL Tech is up 3 percent. TCS also rose 3 percent. 9 out of 10 stocks closed at the top of the index.

Good buy in Auto Shares

Today, auto stocks are also growing strongly. The Nifty IT index has gained 3.30 percent. Maruti is up about 6 percent. Eicher Motors is up 4 percent and Hero MotoCorp is up 3 percent. M&M and TVS Motors also gained 3 percent.

Vaccination expected to begin soon

Vaccination preparations are very loud for the prevention of Coronavirus in the country. The government has approved the use of 2 Corona vaccines for this, after which now there is a preparation to start vaccination in the country. At present, before the vaccination, on January 8, Friday, the biggest dry run is being done in almost all the country. The preparation and procedure of vaccination will be tested in this dry run to be held in 736 districts. Today, except for Uttar Pradesh and Haryana, a dry run of corona vaccination will be done in all the districts of all the states and union territories of the country.

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