Nifty at 18600, Sensex Gains 99 Points, Investor’s Wealth Increased by ₹ 1.28 Lakh Crore
Nifty at 18600
On Monday, June 12, the Indian stock market witnessed a positive trend as both major indexes closed in the green zone. The Sensex, the benchmark index of the Bombay Stock Exchange (BSE), recorded a gain of 99 points.
Meanwhile, the Nifty, another key index representing the National Stock Exchange (NSE), once again crossed the 18,600 mark. This surge in stock prices resulted in a significant increase in investors’ wealth by approximately ₹1.28 lakh crore.
The notable sectors that contributed to the market gains were IT (Information Technology), Tech, Realty (Real Estate), Oil & Gas, and Telecom stocks.
These sectors saw substantial growth, leading to overall market optimism. Conversely, there was weakness observed in consumer durables and banking stocks, which experienced a decline in their share prices.
The positive sentiment extended beyond the major indexes, with the BSE Midcap and Smallcap indices also closing with gains.
The BSE Midcap index rose by 0.54%, while the BSE Smallcap index increased by 0.72%. This bullish trend in the broader market further added to the positive outlook of investors.
As a result of these market developments, the total market capitalization of listed companies in the BSE surged to ₹288.01 lakh crore. This figure represents the combined valuation of all the publicly traded companies in the exchange.
Overall, the trading session on June 12 was characterized by a swift recovery after two days of subdued performance. The market witnessed gains in various sectors, contributing to the growth in investors’ wealth and indicating positive market sentiment.
At the end of the trading session, the Sensex, which is the 30-share index at the Bombay Stock Exchange (BSE), witnessed a rise of 99.08 points or 0.16 percent. It closed at a level of 62,724.71. This increase indicated a positive movement in the overall stock market.
On the other hand, the Nifty, representing the 50-share index of the National Stock Exchange (NSE), concluded the trading day at a level of 18,601.50.
It registered a gain of 18,601.50 points or 0.21 percent. This upward movement in the Nifty index reflected the positive sentiment prevailing in the market.
These figures imply that both the Sensex and the Nifty experienced modest gains, albeit at a different magnitude.
The Sensex’s increase of 99.08 points translated to a 0.16 percent rise, while the Nifty’s gain of 18,601.50 points accounted for a 0.21 percent increase.
These numbers provide a snapshot of the market performance at the close of the trading session, showcasing the positive direction of the stock market as both major indexes exhibited gains.
1.28 Lakh Crore Profit to Investors
On June 12, the total market capitalization of companies listed on the Bombay Stock Exchange (BSE) witnessed an increase.
The market capitalization rose from Rs 286.73 lakh crore on the previous trading day, Friday, June 9, to reach Rs 288.01 lakh crore. This surge in market capitalization signifies a growth of approximately Rs 1.28 lakh crore.
Market capitalization is a measure of a company’s total market value, calculated by multiplying its share price by the total number of outstanding shares.
When the market capitalization of all listed companies on the BSE increases, it indicates an overall appreciation in the value of these companies.
The increment in market capitalization by around Rs 1.28 lakh crore implies that the total value of the listed companies on the BSE collectively grew by this amount on June 12. Consequently, this increase in market capitalization translates into a rise in investors’ wealth.
Investors who hold shares in these listed companies would have experienced a cumulative gain in their investments.
Their collective wealth would have increased by approximately Rs 1.28 lakh crore as a result of the rise in market capitalization.
These 5 Stocks of Sensex Gained the Most
Out of the 30 stocks that constitute the Sensex, 20 of them closed with gains on the specified trading day. Among these stocks, HCL Tech emerged as the top gainer, recording a gain of 2.58 percent in its share price.
This rise in HCL Tech’s stock value indicated positive market sentiment towards the company.
Following HCL Tech, there were four other prominent gainers among the Sensex stocks. Infosys, a leading IT services company, experienced a gain of X percent in its share price, demonstrating investor confidence in the company’s prospects. NTPC, a major power utility company, also saw its stock price increase, contributing to the positive performance of the Sensex. Mahindra & Mahindra (M&M), a prominent automobile manufacturer, witnessed a gain in its share price as well. Tata Consultancy Services (TCS), one of the largest IT service providers globally, was also among the top gainers.
The gains in these stocks ranged from 1.19 percent to 2.05 percent. This means that each of these companies witnessed a positive movement in their respective share prices during the trading session. The specific percentage gain indicates the extent of appreciation in the value of these stocks.
2,155 Stocks Gained Momentum
During the trading session, the Bombay Stock Exchange (BSE) experienced a notable momentum as a higher number of stocks closed with gains.
A total of 3,862 scrips, or stocks, were traded on the exchange on that day. Out of these, 2,155 shares concluded the session with gains, reflecting positive market sentiment towards these companies.
Conversely, there was a decline observed in the prices of 1,575 shares, indicating a decrease in value for these particular stocks. This decline may have been influenced by various factors such as company-specific news, market trends, or investor sentiments specific to those stocks.
Furthermore, 132 shares closed flat without any significant movement in their prices, meaning that they ended the session at the same level as they began. These stocks did not experience any notable ups or downs during the trading day.
It’s important to note that the performance of individual stocks can vary based on various factors, and investors should consider conducting further research and analysis to make informed investment decisions.
Disclaimer: The information provided herein is solely for informational purposes. It is crucial to note that investing in the market carries inherent risks. Before making any investment decisions, it is recommended to seek expert advice as an investor. We do not provide investment advice or endorse investing money in the market.
