There was a strong rise in the portfolios of stock market investors on Thursday. After three consecutive days of decline, the stock market recorded a rise on Thursday, January 22. Investors’ portfolio increased by Rs 4.50 lakh crore in a single day today. According to the data, the BSE market cap in the last session i.e. on Wednesday was Rs 454 lakh crore, it increased to Rs 458 crore as soon as the market closed. At the end of the trading session, BSE Sensex closed at 82,307.37, up 397.74 points or 0.49 percent, while Nifty closed at 25,289.90, up 132.40 points or 0.53 percent.
Strong rise seen in these shares
Today, 24 out of 30 major companies included in BSE Sensex closed with a rise. Dr Reddy’s Labs, Bharat Electronics, Adani Ports, Adani Enterprises, Tata Steel were among the top gainers on Nifty. If we look at the sectoral level, today except Realty and Consumer Durables, all other indices closed in the green, in which FMCG, Power, Metal, Media, PSU Bank, Pharma saw a gain of 1-2%. More than 260 stocks touched their 52-week low amid continued weakness in the market.
However, many large and mid-cap stocks were under intense pressure. Major stocks that hit 52-week low included Aditya Birla Lifestyle Brands, Sapphire Foods, Devyani International, Kalyan Jewellers, Siemens Energy, Lodha Developers, Godrej Properties, Jubilant Foodworks, Tejas Networks, Children’s Medicare, Syngen International, Aditya Birla Fashion & Retail, Brigade Enterprises and Concord Biotech.
How will the market behave on Friday?
Experts say that the domestic market is likely to get support from the global market on Friday. The strong rise in European markets, especially Germany’s DAX and STOXX 50, has improved global sentiment. This has increased the risk taking ability of investors, the effect of which can be seen on the Indian opening. Apart from this, buying is expected in banking and frontline stocks on Friday, which may support the index. Selling pressure from foreign investors (FIIs) remains a challenge for the market. However, continuous buying by domestic institutional investors (DIIs) is keeping the market from falling to lower levels. The recent decline in ‘India VIX’ is a relieving sign. This shows that panic in the market is decreasing and trading may remain in a limited range.
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