Glow returned to the faces of investors, the stock market closed with a huge boom, the wealth of investors increased by 8 lakh crores.

Stock market close on March 14, 2024: After Wednesday’s big fall, the trading session on Thursday, March 14 brought relief for Indian stock market investors. IT, FMCG stocks saw strong buyers. Hence, mid-cap and small-cap stocks, where investors were losing their hard-earned money due to the fall, saw strong gains in Thursday’s session. At the end of today’s trade, the BSE Sensex crossed 73000 to close at 73,097 points with a jump of 335 points. While the National Stock Exchange’s Nifty managed to cross 22,000 and rose 149 points to close at 22,146 points.

State of the sector

Mid-cap and small-cap stocks have made a strong comeback in today’s business. The Nifty Midcap Index closed with a gain of 930 points or 2.02 percent. While the small cap index closed with an increase of 500 points. However, from the morning lows, the mid-cap index has recovered by over 1,600 points and the small-cap index by 700 points from the lows. Stocks in IT, Pharma, FMCG, Energy, Infra, Consumer Durables, Healthcare and Oil & Gas sectors closed higher in today’s trading. Only banking stocks fell. Out of 30 Sensex stocks, 18 stocks advanced and 12 closed with losses. While, out of 50 stocks in Nifty, 35 stocks closed with gains and 15 with losses.

8 lakh crore increase in market cap

In Thursday’s session, investors’ wealth increased by Rs 8 lakh crore due to a stupendous rally in the stock market, which had declined to Rs 14 lakh crore on Wednesday. The market cap of the BSE-listed stocks closed at Rs 380.16 lakh crore as against Rs 372.11 lakh crore in the previous trading session.

Index name Closure level High level Low levels Percentage change
BSE Sensex 73,097.28 73,364.30 72,497.19 0.46%
BSE Small Cap 41,907.12 41,953.00 40,097.13 3.11%
India VIX 13.62 14.68 13.52 -5.61%
NIFTY MID CAP 100 46,901.20 46,979.75 45,293.35 2.02%
NIFTY Small Cap 100 14,788.55 14,803.10 14,085.35 3.45%
Nifty Small Cap 50 6,842.90 6,852.95 6,515.65 3.40%
Nifty 100 22,623.70 22,664.20 22,296.65 1.00%
Nifty 200 12,147.85 12,163.45 11,937.40 1.16%
Nifty 50 22,146.65 22,204.60 21,917.50 0.68%

Market volatility likely during election results

After Wednesday’s big drop, the stock market closed higher on Thursday. According to Shailesh Saraf of Value Stocks, the market may experience volatility when the Lok Sabha election results are announced. But the market will remain strong in the long run. According to value stocks, PSU stocks have given strong returns. In 2023, the Nifty PSE index gained 77%, beating the Nifty50’s 20% gain. The PSE index has returned 21% in 2024 compared to the Nifty50’s 3% return.

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