Monday Magic: Sensex and Nifty set new records in the stock market

Business News: On Monday, there was such a magic in the stock market that investors had tremendous benefits. In this day's trading, the Sensex gained more than 600 points and crossed the 79,000 level, while the Nifty also crossed the 24,000 mark. It was Monday's 'mangic', which gave investors a gift of happiness and profit.

Great growth of Sensex and Nifty

At 9:45 am on Monday morning, the Sensex was trading at 79,178 with a gain of 625 points. It then reached 79,196 with a gain of 643 points. This figure was the first time since January 6 when Sensex crossed the level of 79,000. On the other hand, the Nifty also crossed the 24,000 level after reaching 23,989 with a gain of 137 points. The day became a 'mangic' for the market, where there was a smile on the faces of investors.

Major sectors boom

The main reason for this boom in the market was the surge in banking and IT sector shares. Major bank shares like Axis Bank, SBI, HDFC Bank and IndusInd Bank increased tremendously. The shares of IT sector also recorded a rise. In this sector, shares of companies like Tech Mahindra, HCL and Infosys achieved new height.

Positive trend in sectoral index

At the early position of the stock market, the financial sector saw an increase. The Nifty Bank index increased by 1.4%. At the same time, positive speed was also seen in midcap and smallcap indices, which created an atmosphere of widespread enthusiasm in the market.

Investors profit of Rs 3.60 lakh crore

Investors got a profit of Rs 3.60 lakh crore due to this great bounce. The market cap of BSE increased from Rs 4,19,60,043.31 crore to Rs 4,23,20,256.73 crore, which also led to a huge increase in assets of investors.

Thus, this 'mangic' in the stock market on Monday not only benefited investors but also made the entire market atmosphere positive. This boom is likely to continue even further, which can take the Indian market in a new direction.