Among the positive global cues, the shares of big companies like Reliance Industries, including banking and financial stocks, rose. KBSE’s 30-share sensitive index Sensex was trading at 52,476.46 points, up 322.33 points or 0.62 percent in early trade. The NSE Nifty rose 108.40 points, or 0.71 percent, to 15,423.10 points.
ONGC was the leader among the Sensex companies with a gain of nearly four per cent. It was followed by IndusInd Bank, Kotak Bank, PowerGrid, SBI and Tech Mahindra. Companies like Bajaj Finserv, Axis Bank, Bajaj Finance and Nestle India were in decline.
BSE Sensex closed above the 52,000 mark for the first time on Monday , with 11 per cent returns in 11 days on the back of buying in the stocks of financial companies amid rising global markets. In this way, the Sensex has given a return of around 11 per cent on just 11 trading days this month. In fact, the Sensex closed at 46285 on the last trading day of January i.e. 29th. At the same time, in 11 business days, Cessanx has jumped to reach beyond 52 thousand. In this way, Sensx has risen by about 6000 points, giving investors 11% return.
BSE Sensex gained 609.83 points, or 1.18 percent, to close at 52,235.97 points, based on the Sensex-Nifty 30 stocks , which closed at record highs yesterday . During trading it had reached a record level of 52,235.97. Similarly, the National Stock Exchange’s Nifty closed at a record high of 15,314.70 points with a gain of 151.40 points, or 1.0 percent.
Help from global market
Narendra Solanki, head of equity research, Anand Rathi, said, “In Asia, especially in Japan, the impact of the boom was on the domestic market.” The Nikki 225 has crossed the 30,000 mark for the first time in more than three decades with the news of Japan’s economy growing 12.7 percent year-on-year in October-December last year. He said the softening of inflation based on weekend consumer price index had an impact on the market. Japan and South Korea’s Kospi benefited from other markets in Asia.