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- BSE NSE Sensex Today, Stock Market Latest Update: November 10 Share Market, Trade BSE, Nifty, Sensex Live News Updates
Mumbai12 minutes ago
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- Market cap of companies listed on BSE has crossed Rs 166 lakh crore
- The Sensex was up 704 points at 42,597 yesterday and the Nifty closed 197 points up at 12,461.
The market reached 43 thousand after the boom for the seventh consecutive day. The BSE Sensex is trading at 43 thousand 99 with a gain of 502 points. However, it was up to 43 thousand 52 at one time. The Nifty is trading at 12,592.95. Banking shares are leading the market rally. The bank index has a gain of 882 points.
At the same time, IT shares are trading with a decline. Due to the excellent growth in the market, the market cap of companies listed on BSE has also crossed Rs 166 lakh crore. HDFC Bank's market cap has crossed 7.57 lakh crore for the first time due to the increase in shares. Its stock is trading at Rs 1,375. Today, the bank's stock also touched a new 52-week level.
Bajaj Finance shares are trading up 7% in the Nifty. IndusInd Bank and Bajaj Finserv are also trading at 5-5 per cent. SBI and L&T are also up 4-4 per cent. While Tech Mahindra and Cipla shares are trading down 4-4%. Infosys and HCL Tech are trading down 3-3 per cent. Nestle India shares are also trading down 2 per cent. The BSE Sensex opened 361.82 points higher at 42,959.25 and the Nifty opened 95.35 points higher at 12,556.40.
The reason for the market boom –
1. Corona Vaccine – Pharma company Pfizer said that the vaccine was found to be 90% safe and effective in the last phase trial.
2. Booming global markets After the news of the vaccine, there was a spectacular view in the global market. European markets saw a jump of up to 6%. Apart from this, the US stock market also jumped 4%.
3. Possibility of relief package – The government has indicated the announcement of another relief package. The government's Chief Economic Advisor Sanjeev Sanyal said that the pace of the economy has improved. In such a situation, there is scope for financial measures to support the economy.
Great boom effect
Following the victory of Joe Biden in the US presidential election, the global markets saw a spectacular boom. The market is also trading fast for the seventh consecutive trading day. Today, the BSE Sensex reached 42,959.25 and the Nifty reached 12,557.05, the highest for both indices in terms of intraday. Earlier in the month of January, the Sensex had made an intraday new high by reaching 42,273.87 and the Nifty reached 12,430.50. In seven trading days, the Sensex has gained 3200 points and the Nifty has gained 849 points. Banking and financial shares are leading the market growth. The Nifty Bank Index has risen 4260 points in these seven days.
Rise in Asian markets
Japan's Nikkei index is trading up 185 points in Asian markets on Tuesday. Hong Kong's Hangseng Index is trading up by 252 points. In addition, the Shanghai Composite Index of China is also trading with a gain of 0.12%.
Market condition on monday
The Sensex was up 704.37 points or 1.68% at 42,597.43 and the Nifty closed 197.50 points or 1.61% up at 12,461.05 yesterday. During the trading session, the Sensex reached 42,645.33 and the Nifty at 12,474.05, the highest level of both indices. Earlier in the month of January, the Sensex had made an intraday new high by reaching 42,273.87 and the Nifty reached 12,430.50. The major reason for the spectacular growth in the market is the victory of Joe Biden of the Democrat Party in America. This also supported growth in the US futures market and Asian markets. The market cap of listed companies on the BSE has crossed Rs 165.67 lakh crore.
Boom in worldwide markets
The news of the Corona vaccine showed an increase in markets worldwide on Monday. The US market Dow Jones gained 2.95% to close at 29,158, up 834.57 points. The S&P 500 index also gained 1.17% to end at 41.56 points at 3,550.50. While the Nasdaq index was down by 2.16%, closing down 260.96 points at 11,830.40.
European markets also boom
Yesterday, the European market also saw a spectacular boom. Britain's FTSE index closed at 6,186.29, up 4.67%. France's CAC index was up 7.57% at 5,336.32. Germany's DAX index also closed at 13,096, up 4.94% on Monday.
10:13 AM The BSE Sensex is trading up 356.62 points at 42,954.05 and the Nifty is up 9360 points at 12,554.65.
09:34 AM 11 of the 15 companies included in the BSE Auto Index have a sharp rise in shares and a decline in four.
09:31 AM The Nifty Bank Index has a gain of 501 points. ICICI Bank's stock is trading up 3%. HDFC Bank and SBI are up 2-2 per cent.
Source – NSE
09:17 AM Shares of 22 companies included in the BSE Sensex rose and eight declined. IndusInd Bank shares in the index are trading up 3%.
Source – BSE
09:16 AM The BSE Sensex is trading up 313.01 points at 42,910.44 and the Nifty is up 66.10 points at 12,527.15.
The condition of markets around the world