Sensex cross 51000 for the first time, Nifty also above 15000

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Sensex cross 51000 for the first time, Nifty also above 15000

Prior to the RBI Monetary Policy Review, both benchmark indices have again reached new heights.

The stock market continues to boom. The BSE index Sensex crossed the 51,000 level for the first time, opening up on the morning of February 5. The market has risen continuously in the last four days. Similarly, the index Nifty of the NSE has crossed 15,000 for the first time, touching a new peak.

Sensex and Nifty are trading below their record levels by 950 AM in the morning. The Nifty is up 0.23% to 14,930 while the Sensex is up 0.37% to 50,800.

Market moves in the last weeks-

Sensex:

05 February- 51,000
13 January- 50,000
11 January- 49,000
04 January- 48,000
18 December- 47,000

Nifty:

05 February – 15,000
12 January – 14,500
31 December – 14,000
09 December – 13,500

Which shares are the fastest?

SBI was up about 13% in the Nifty pack with the highest speed at 9.30 am. Similarly, shares of IndusInd Bank, Kotak Mahindra, HDFC, HDFC Bank, etc. also gained. Shares of Axis Bank, Titan Company, Tata Steel, Britannia etc. also appeared on the green mark
due to the good December quarter results due to the big rise in SBI shares, after which brokerage houses have increased the target price of the stock.

Some of the well-known stocks like Bharti Airtel, Tata Motors, Coal India, JSW Steel etc. are trading with declines.

The index Nifty Midcap 100 of 100 stocks of Nifty with medium capitalization has strengthened by about 0.5%. At the same time, the surge in the Smallcap 100 index is 0.8%.

Which sectors have the highest bounce-

The Nifty Bank Index is currently trading above 3%. The index for financial services and realty sector has also risen sharply to close to 2%. Pharma, FMCG and energy sectors are stable after minor changes.

What is the reason for this boom in the market?

The biggest reason behind the big boom in the market is good market sentiment. Since the budget, shares of certain sectors like banking, financial services, auto etc. have seen a steady rise. Foreign institutional investors have also returned as big buyers in the market, which has helped the Bulls. Good signals from foreign markets have also supported the market.