BSE NSE Sensex Performance Last Week Investors got Rs 4 lakh crore, Pharma, IT, and banking stocks gave returns of up to 42%

0
8
BSE NSE Sensex Performance Last Week Investors got Rs 4 lakh crore, Pharma, IT, and banking stocks gave returns of up to 42%

BSE NSE Sensex Performance Last Week | Stock Market Latest Update: Wipro, L&T Infotech, TCS, Aarti Drugs, Metropolis Healthcare

The Nifty Bank index closed with a gain of 655 points on Friday. Whereas between October 1 and October 9, the index has seen a spectacular increase of 1600 points.

  • The Nifty IT index has also seen an increase of 1727 points.
  • The total market cap of the companies listed on BSE has gone up to Rs 160.68 lakh crore.

The domestic stock market has given excellent returns to investors in the last trading week. Investors made profits of over Rs 4 lakh crore during this period. Sahara Pharma, IT, and banking stocks gave the market a boost. The market cap of listed companies on the BSE has also reached record highs due to market growth. Apart from this, strong global cues such as the announcement of relief package in the US and crude oil prices have affected the stock markets around the world. It includes the Indian stock market.

Market surge

The BSE Sensex 40,500 and the Nifty-50 index closed above the 11,900 level. That is, between October 1 and October 9, the Sensex has gained 2441 and the Nifty is up by 688 points. Apart from this, the total market cap of the companies listed on BSE has gone up to Rs 160.68 lakh crore. During this period, select stocks of the pharma and IT sectors showed gains of up to 42%. In particular, IT and pharma stocks have performed the week best.

BSE’s top 5 pharma stocks to rise in the week

companyClosing priceEdge (%)
Thyrocare Tech1069.2541.34
Aarti Drugs984.2021.49
Laurus labs326.6016.48
Dr. Lal Pathlabs2054.7010.45
Metropolis Healthcare1966.709.98

IT shares up 20%

The Nifty IT index has also gained 1727 points due to the excellent growth in the market. The index closed at 21837 on Friday. Meanwhile, the market cap of veteran TCS has also crossed the Rs 10 lakh crore mark. The total market cap of the company was Rs 10.56 lakh crore after the market closed on Friday. TCS ranks second in terms of market cap in terms of Reliance Industries. The difference between the two has been 4 lakh crores. Last week, the company has given a return of 12% to investors.

BSE’s top-5 IT stocks rise in the week

companyClosing priceEdge (%)
Wipro374.1019.52
Infibeam avenue87.8517.21
L&T Infotech2929.3015.89
Mindtree1504.2012.50
TCS2814.9511.58

Great performance on banking shares

At the end of the trading week, RBI has decided to keep the repo rate stable at 4%. The news impacted the market as well as banking stocks. The Nifty Bank index closed with a gain of 655 points on Friday. Whereas between October 1 and October 9, the index has seen a spectacular increase of 1600 points. Bandhan Bank’s stock jumped 14% during this period. Meanwhile, HDFC Bank’s stock also gained 12%. HDFC Bank’s total market in BSE has reached the level of Rs 6.78 lakh crore due to the spectacular growth in the week.

BSE’s top-5 banking stocks rise in the week

companyClosing priceEdge (%)
Bandhan Bank325.6513.92
HDFC bank1233.7011.49
ICICI Bank401.658.80
City Union Bank150.956.98
Axis Bank468.205.61

Market cap also increased with the rise in market

Due to the spectacular growth, shares of big companies have also registered a good growth in the market. It was led by TCS, whose market cap has crossed the Rs 10.50 lakh level. Apart from this, the market cap of HDFC Bank has also increased. Apart from this, the total market cap of companies listed on BSE was M 156 million crore on 1 October, which has increased by 4 lakh crore rupees to 160.68 lakh crore rupees. That is, the investors made a profit of Rs 4 lakh crore in the business week.

Market cap of big companies in BSE

companyClosing priceMarket Cap (Rs. Lakh Crore)
Reliance Ind.2233.7015.10
TCS2814.9510.56
HDFC bank1233.706.48
HUL2138.855.02
Infosys1107.554.71

Strong global signals helped the market

Strong global cues were also the main reason for the market growth this week. The Trump administration in the US announced a $ 1.6 trillion relief package to fight Corona, which has been increased to 1.8 trillion. After the news, there was a positive impact on the markets worldwide. It also included the Indian stock market. However, Democrats are adamant on the demand for $ 2.2 trillion. Apart from this, the prices of crude oil also affected the markets around the world. Crude oil prices have risen 10% in the last one week.

Support will be available from the concessions being offered in unlock

Apart from this, industrial activities have also increased due to the concessions available under the unlock process. On this, Narendra Solanki of Anand Rathi Securities says that the stock market always trades on future activities. Now that unlock is on, everything is opening up, in such a situation, the market hopes that everything will be good. He says that some of the numbers that have come up recently are quite good. Whether they are auto sector sales numbers or liquidity.

Expect more growth in market

Solanki says the second quarter results have started coming in. It commenced on October 7 with TCS second quarter results. In such a situation, it is expected that the result season will be better. They say that it seems from all these things that everything will be alright and on this basis the market is booming. We are now looking at January high which is getting touched in this month.

RBI’s soft monetary policy and expectation of new relief package in US may strengthen the rupee

LEAVE A REPLY

Please enter your comment!
Please enter your name here