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stock market A tremendous rally was seen in the Indian stock market on Thursday, November 20, the fourth trading session of the week. Both the major benchmark indices BSE Sensex and Nifty 50 closed trading in the green.
The 30-share BSE Sensex index closed at 85,632.68 points, registering a rise of 446.21 points or 0.52 per cent. Whereas NSE Nifty 50 closed at the level of 26,192.15 with a gain of 139.50 points or 0.54 percent. Due to this rise in the stock market, Nifty crossed 26,000 for the first time.
BSE top gainers
Bajaj Finance, Bajaj Finserv, Reliance, HDFC Bank, Tech Mahindra
BSE’s top losers
Asian Paint, HCL Tech, Titan, Hindustan Unilever, Kotak Bank
A huge rise was seen in the shares of Nifty Fin Services, Nifty Bank, Nifty 100, Nifty Auto, Nifty 50. At the same time, Nifty Smallcap, Nifty IT shares ended the trading day on the red mark.
Reasons behind the market boom
Foreign investors have once again expressed their confidence in the Indian stock market. A total investment of Rs 1,580.72 crore has been made in the market by FIIs investors. The effect of which was seen in the stock market and both the indices ended the trading day trading in the green.
Besides, positive signals from global markets also gave strength to the Indian market. South Korea’s Kospi and Japan’s Nikkei 225 registered a rise of more than three percent. An increase was also seen in Shanghai SSE Composite and Hong Kong’s Hang Seng. Due to which a tremendous rally was seen in the stock market.
