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Home Business The stock market welcomes New Year with the wave

The stock market welcomes New Year with the wave

Sensex gains 34 points to open at 47,785, nifty up 15 points to open at 13,996.10. Today, Nifty has again crossed the 14,000 marks. The Sensex rose to 47,916.56 and the Nifty rose to 14,028.90.

The stock market has welcomed the new year with a green mark. On Friday, the last day of the week, the Sensex at the Bombay Stock Exchange gained 34 points to open at 47,785. Similarly, the Nifty at the National Stock Exchange opened up 15 points, to 13,996.10.

New Year with the surge, nifty crosses 14,000

Today, nifty has crossed 14,000. At the end of trading, the BSE Sensex gained 117.65 points to close at 47,868.98. Similarly, the NSE Nifty gained 36.75 points to close at 14,018.50. The Sensex rose to 47,980.36 and the Nifty rose to 14,049.85.

These shares have gained momentum

The major shares in nifty included Adani Port, ITC, TCS, M&M, SBI, etc. The loss-making shares included ICICI Bank, SBI Life Insurance, Hindalco, HDFC Bank, Titan Company, etc. Nse gained nearly 1998 shares and declined to 940. All other indices, except Nifty Bank, closed in the green mark.

Tremendous listing of Antoine West handling

Today, Antony West handling cell’s stock market listing took place. The company had kept the final issue price at Rs 315 for its IPO. The listing is at Rs 430. It soared to Rs 492.75 during the trading. The IPO has raised nearly Rs 300 crore. Its IPO received 15 times the subscription.

On Thursday, there was a spurt

Earlier on Thursday, the Sensex dropped 106 points, to 47639, while the Nifty dropped nearly 31 points to open at 13950. At the end of trading, the Sensex gained a modest 5 points to close at 47,751. The nifty gained 0.20 points to close at 13,981.75.

The year 2020 for the stock market is extremely volatile. The market had set a record high in January-2020. After that, the stock market fell by about 40 percent in March due to corona, and Nifty also touched a minimum level of 7600 on March 23, 2020. But then there was a boom in the market that at the end of the year, the market broke all its highest level of old records.

Moreover, in the month of December, the market set a new record of the highest level every day. But during the trading, nifty raced beyond the 14000, which made a big record. However, nifty closed flat at the end of trading.

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