Share Market Today: Market boomed on the last day of the week, Sensex jumped 500 points; Nifty again crosses 23,900

Friday was a happy day for the Indian stock market. After last day’s huge fall, the market has made a great comeback today. On the last trading day of the week, a smile returned on the faces of investors as the market started trading in the green as soon as it opened. In today’s trading, the Bombay Stock Exchange (BSE) Sensex rose by 521.60 points to reach the level of 77,153.25. At the same time, Nifty of National Stock Exchange (NSE) was also seen trading at the level of 23,946.00 with a gain of 170.90 points. Bank Nifty also saw a tremendous rise today and it climbed 718.70 points to reach 55,540.40. Midcap and Fin Nifty indices are also trading strongly.

These shares gained momentum in the market

If we look at the list of today’s top gainers, banking and finance sector shares dominated:

• Shriram Finance: Today this stock made investors happy and it reached ₹ 1,025.95 with a gain of 2.98%.
• Union Bank of India: The effect of the rise in Bank Nifty was visible here and the share jumped 2.33% to ₹ 189.00.
• Canara Bank: It also saw a rise of 1.74% and is trading at ₹140.31.
• Tata Motors Commercial: This stock registered a gain of 1.61% from auto sector.
• Wipro and Bajaj Finance: These IT and finance sector giants also saw a rise of 1.47% and 1.43% respectively.

What was the reason for recovery?

Market experts say that after yesterday’s heavy selling, good buying has been seen at lower levels today. News of the ceasefire between the US and Iran has also reduced investors’ fears, leading to good signals from global markets. Apart from this, the new lease of life in the banking sector changed the sentiment of the entire market.

advice for investors

This rise that came on the last day of the week shows that there is still strength left in the market. Although the fluctuations have not ended completely yet, Nifty’s stability above 23,900 is a matter of relief for investors.