Amid continuous fluctuations and global tensions, the Indian stock market finally returned strongly. On Monday, both Sensex and Nifty ended trading with impressive gains. News of a possible peace agreement between the US and Iran boosted investor confidence, creating a buying environment in the market. The huge fall in crude oil prices also gave strong support to the market. During the day’s trading, investors bought heavily and a spectacular rise was seen in many big stocks.
Sensex jumps 1000 points, Nifty crosses 24,000
At the end of trading, BSE Sensex closed at 76,488 with a gain of 1073 points. At the same time, Nifty also rose by 312 points and reached the level of 24,031. After several days, Nifty has again crossed the 24 thousand mark, due to which the enthusiasm of investors increased.
The biggest rise was seen in these shares
Eicher Motors, L&T, Bajaj Finance, Adani Enterprises and HDFC Bank were among the top gainers on Nifty. Whereas, weakness was seen in Max Healthcare, ONGC, Hindalco, TCS and Bajaj Auto.
All sectors closed in green mark
The effect of the market boom was visible on almost all sectors. Oil & Gas, Banking, Auto, Realty, Media and Energy indices gained around 1 per cent each. Buying was also seen in midcap and smallcap shares.
Relief from falling crude oil prices
The price of Brent crude fell by more than 5 percent to below $ 100 per barrel. It is believed that the expectation of an agreement between America and Iran has reduced concerns about global oil supply. This may provide relief to oil importing countries like India.
Rupee also strengthened
The Indian rupee also strengthened against the dollar. On Monday, the rupee strengthened by 47 paise and closed at 95.23 per dollar. Experts believe that if the tension in West Asia subsides and crude oil remains cheap, then the market may see further growth in the coming days.
