Stock market closes with stormy gains, Nifty IT index jumps 1560 points

Stock market close on 15th December 2023: The Indian stock market witnessed a stormy rise for the second consecutive trading session. Sensex saw a gain of 1000 points and Nifty by 300 points due to heavy buying in IT stocks. This is seen in the largest IT index. At market close today, the BSE Sensex jumped 970 points to close at 71,484 and the National Stock Exchange’s Nifty jumped 274 points to 21,457.

State of the sector

Today again the market witnessed a strong rise due to buying in IT stocks. The Nifty IT index closed at 35,782 points with a jump of 1560 points. The Nifty IT index has gained 2500 points in two days. Banking apart from IT. Stocks in the metals, energy, infra, oil and gas and consumer durables sectors closed in the green. While stocks of Auto, FMCG, Real Estate, Media, Healthcare sectors closed lower. Mid-cap and small-cap stocks also closed higher. Out of 50 Nifty stocks, 39 closed with gains and 11 closed with losses. Of the 30 stocks in the Sensex, 22 closed with gains and 8 closed with losses.

Index name Closure level High level Low levels Percentage change
BSE Sensex 71,483.75 71,605.76 70,655.97 1.37%
BSE Small Cap 42,083.21 42,219.19 42,021.23 0.58%
India VIX 13.13 13.34 10.80 6.55%
NIFTY MID CAP 100 45,586.55 45,814.45 45,514.10 0.11%
NIFTY Small Cap 100 14,885.80 14,913.40 14,814.70 0.71%
Nifty Small Cap 50 6,950.25 6,964.85 6,883.80 1.01%
Nifty 100 21,595.50 21,624.75 21,411.35 1.08%
Nifty 200 11,627.80 11,641.50 11,544.50 0.93%
Nifty 50 21,456.65 21,492.30 21,235.30 1.29%

Increase in investor wealth

Investors’ wealth has grown tremendously due to the spectacular rise in the stock market. BSE’s market cap has closed at a historic high. With a jump of Rs 2.72 lakh crore, the market cap of listed companies closed at Rs 357.84 lakh crore, from Rs 355.12 lakh crore in the previous session.

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