Market sentiment returns, Sensex-Nifty close with gains, strong buying in real estate stocks

Stock market close on January 4, 2024: After two days of decline, the Indian stock market has once again returned to its glory. Investors’ buying in banking, energy, FMCG and mid-cap and small-cap stocks led to a strong market rally. The Nifty Midcap index jumped 800 points to hit a record high. At the end of today’s trade, the BSE Sensex jumped 491 points to close at 71,847 points and the National Stock Exchange’s Nifty jumped 141 points to close at 21,658 points.

State of the sector

There were no losses in any sector’s stocks in today’s business. Stocks from Banking, FMCG, Energy, Media IT, Auto, Pharma, Healthcare, Oil & Gas, Consumer Durables sectors closed with strong gains. The biggest increase has been seen in real stocks. Real stock index Nifty Realty rose 6.72 percent to close at its lifetime high. Nifty Midcap Index and Small Index also recorded record gains. Out of 30 Sensex stocks, 18 closed with gains and 12 closed with losses. While, out of 50 stocks in Nifty, 29 stocks closed higher and 21 closed lower.

Index name Closure level High level Low levels Percentage change
BSE Sensex 71,847.57 71,954.79 71,546.60 0.69%
BSE Small Cap 43,553.03 43,578.92 43,307.82 1.04%
India VIX 13.33 14.21 13.21 -5.44%
NIFTY MID CAP 100 47,309.70 47,345.25 46,728.20 1.68%
NIFTY Small Cap 100 15,339.20 15,367.95 15,263.45 0.99%
Nifty Small Cap 50 7,231.15 7,256.15 7,199.20 1.01%
Nifty 100 21,934.40 21,961.40 21,830.90 0.75%
Nifty 200 11,850.60 11,863.65 11,782.50 0.89%
Nifty 50 21,658.60 21,685.65 21,564.55 0.66%

Market cap at record high

The market capitalization of listed companies has reached a record high due to the tremendous growth in the Indian stock market. According to BSE data, the stock of listed companies touched Rs 368.43 lakh crore, which closed at Rs 365.10 lakh crore in the previous trading session. This means that the market capitalization has seen an increase of Rs 3.33 lakh crore in today’s trade.

Rising and falling shares

In today’s trading, Bajaj Finance closed up 4.30%, NTPC 3.51%, IndusInd Bank 2.90%, Axis Bank 2.45%, PowerGrid 1.94%. While HCL Tech closed down by 1.29 percent, Ultra Tech Cement by 0.96 percent, Mahindra & Mahindra by 0.88 percent, Wipro by 0.83 percent.

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