Santa Rally in Indian Stock Market Due to Big Buying of Bank Shares…

Stock market close on December 26, 2022: After seeing a big drop for three straight days last week, the Indian stock market rallied the day after the Christmas holidays. Sensex has been successful in crossing 60,000 and Nifty 18,000 marks again. Due to investor buying, the Indian stock market closed at high speed on the first trading day of the week. BSE Sensex closed at 60,555 with a jump of 704 points and NSE Nifty closed at 18,006 with a jump of 200 points.

industry condition

With the exception of pharmaceutical and healthcare stocks, stocks in all other sectors closed sharply. The reason for the rise in the market was the purchase of bank shares. Bank Nifty closed with a gain of 2.31 percent. Nifty IT, Nifty Auto, Nifty PSU Bank, Nifty FMCG and Nifty Metals also finished strong. In today’s trading session, mid-cap and small-cap stocks have also seen good growth. Out of 50 Nifty shares, only 11 closed while 39 closed while 25 out of 30 Sensex closed and 5 closed.

bullish stocks

At current fast market share of IndusInd Bank 3.99%, ACI 3.97%, Tata Steel 2.74%, Bajaj Finserv 2.53%, ITC 2.51%, Axis Bank 2.44%, UltraTech Cement 1.98%, HDFC Bank 1.91%, Tata Motors 1.73% It has closed with a rate of .

Big leap in investor wealth

Due to the boom in the stock market, investors have been helped to make up for the huge loss they had incurred last week. Investors have gained Rs 5.87 lakh crore in investor wealth in this boom in the market. Investor wealth has risen to Rs 277.99 lakh crore from Rs 272.12 lakh crore before.


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