Domestic stock markets bounced back for five trading sessions on Friday before the economic review was presented. Shares of banking, energy and auto companies rose by over 400 points in early trade on the upside. Let us tell you that after the fall of the last five sessions, the stock market saw a boom today. The 30-share BSE Sensex opened with a gain of 549 points at 47,423.47. At the same time, the Nifty also started trading at the level of 13,946 with green mark. In early trade, the Sensex was up 103.35 points at 46,977.71, while the Nifty gained 37.35 points to 13,854.90.
IndusInd Bank, Mahindra & Mahindra, Bajaj Auto, Bajaj Finance, Bharti Airtel, HDFC, HDFC Bank, ONGC, UltraTech, HCLTech, ICICI Bank, State Bank, Reliance Industries, where the green mark was on the green mark, in the early trade. Stocks like Powergrid, Nestle Titan, Maruti, Airtel were trading at the red mark.
The Sensex had lost 2,917.76 points and the Nifty 827.15 points in the last five trading sessions. Analysts believe that domestic markets saw a steady decline mainly due to profit-booking ahead of the Union Budget and important global developments. The government is scheduled to present the Economic Review 2020-21 in Parliament on Friday. After this, the Union Budget 2021-22 will be presented on Monday i.e. February 1. Foreign portfolio investors (FPIs) made net sales of shares worth Rs 3,712.51 crore on Thursday, as per data available with the stock markets. On Friday, Asian markets were trading up during the trading session. However, this week is the worst for the past several months. Meanwhile, crude oil’s global benchmark Brent crude was trading up 0.18 percent at $ 55.20 a barrel in futures trade.
After creating history, a period of decline
Last week on Thursday, the Sensex had crossed the 50000 mark by creating history. However, at the end of trading, the Sensex lost 167 points to close at 49,624.76. The Sensex lost 746 points to close at 48,878 on Friday, the last trading day of the previous week, and the Sensex lost 531 points on Monday this week. The stock market was closed on Tuesday, 26 January. The Sensex fell 937 points to close at 47,409 on Wednesday. The decline in the stock market continued on Thursday and the BSE Sensex closed down 536. The 30-share BSE Sensex closed down 535.57 points, or 1.13 percent, at 46,874.36 points.
Sensex reached 50 thousand from the abyss
It is to be known that after reaching a low level in March, on October 8, the Sensex had crossed 40 thousand to 40,182. On November 5, the Sensex closed at 41,340. On November 10, the index level at intraday reached 43,227, while it crossed 44180 on November 18 and 45000 on December 4. On December 9, the Sensex closed at 46103.50, up from 46000 for the first time. The Sensex opened at 46284.7 on 14 December. On December 21, the Sensex reached the level of 47055.69. Now on December 30, the Sensex had reached an all-time high of 47,807.85.
After this, the Sensex opened at a new peak of 48616.66 on Wednesday 6 December, crossing the level of 48 thousand in the new year. The Sensex touched a new peak of 48797.97 on 8 December. While the Sensex reached a new peak at 49260.21 on 11 December itself. On January 12, the figure touched 49569.14 and now on January 13, the Sensex was at a new peak and on January 21, the Sensex created another history to reach an alltime high of 50,184.01.