Share Market News / The market's stormy innings, earned 6 lakh crores on the last day of the week

Share Market News: The stock market registered a great rally today, spreading its shine. Sensex and Nifty showed tremendous growth on the last day of the week, bringing smiles on the faces of investors. Sensex recorded a historic gain of 1,713 points, which shows a rise of 2%. Nifty also did not lag behind and jumped 493 points, which is equivalent to a gain of 2.12%. Due to this jump, investors got a profit of Rs 6.64 lakh crore in a single day.

What was the reason for this rise?

According to experts, strong buying was seen in various sectors in the market today. This buying reflects the recovery of the market after yesterday's sell-off, in which the impact of concerns related to the Adani Group also seemed to end.

Gains in big stocks like Reliance Industries, Infosys, TCS, ICICI Bank, ITC and SBI strengthened the Sensex and Nifty. Technical factors are believed to be the main reason for the rise in the market. However, experts say that there is a lack of new positive triggers to take the market further up.

What does this surge indicate for investors?

Veteran investors like Vijay Kedia believe that the market is currently in a phase of recovery. In recent months, the market had seen a big decline, causing many stocks to fall 30-40% from their peak.

Kedia said that such a correction can be beneficial for investors in the long term. He believes that all the challenges of the market are not over yet and volatility may remain in the coming days.

Which stock did wonders?

Among the big companies whose stocks shone in today's market, Reliance, TCS and ITC performed the best. These companies played a key role in boosting the market benchmark.

Reliance Industries: Stable crude oil prices and expectations of better quarterly results kept this stock up.

TCS and Infosys: Became the center of investors' buying in the IT sector, especially due to expectations of improvement in global demand.

SBI and ICICI Bank: Due to strength in the banking sector, these stocks also saw a jump.

Future picture

This boom in the market has filled investors with new enthusiasm, but market experts are still cautious. In the current situation, investors should focus on strengthening their portfolio while keeping a long-term view.

Experienced investors like Vijay Kedia suggest that market volatility can be an opportunity for investors, provided they adopt the right strategy. Signs of stability in the market will be seen only when strong fundamental factors also support the boom.

Conclusion

Today's boom proved that there is no dearth of possibilities in the Indian stock market. However, investors will have to maintain patience and vigilance to deal with the volatility of the market. The current market movement can bring more interesting turns in the times to come.