Share Market News / The boom returned to the stock market! OLA also washed its hands in the flowing Ganga

Share Market News: Tuesday was a historic day for the Indian stock market. The Sensex registered a tremendous gain of 1,131 points, which was seen for the first time since September 2024. This growth broke the long sluggishness in the market, giving great relief to the investors. This boom also affected the Nifty, which closed at 22,834 with a gain of 325 points.

Big jump in investors' wealth

Due to this boom, the wealth of investors increased by Rs 7.06 lakh crore. The overall market cap of companies listed on the BSE reached Rs 399.87 lakh crore on Tuesday, up from Rs 392.80 lakh crore on Monday. This growth is a very positive sign for investors and indicates new energy in the market.

Ola Electric shares jump

Shares of electric vehicle manufacturer Ola Electric Mobility Limited also saw a significant rise on Tuesday. The company's stock closed at Rs 52.80 with a gain of 12.56% after falling to its lowest level ever. During trading, it jumped up to 15.86%, while its value on the National Stock Exchange (NSE) rose 12.44% to Rs 52.77.

Increase in the market value of the company

The rise in the shares of Ola Electric has increased the market valuation of the company by Rs 2,597.98 crore to Rs 23,289.18 crore. This jump came when the news of the demand to initiate insolvency proceedings against the company's subsidiary Ola Electric Technologies Private Limited came in the market. Despite this negative news, investor confidence seems to be increasing again.

Market's future direction

After this tremendous rise, investors' eyes are now fixed on the future direction of the market. If this trend continues, new possibilities may open up in the Indian stock market and investors are expected to get good returns in the future as well.