February 4, 2021 08:25 PM
The BSE Sensex, which had happily crossed the 50,000-point mark for the third time, did not go down this time. For the first time in history it ended above that crucial level. The Bombay Stock Exchange benchmark Sensex closed at 50,255 points for the third day in a row. The Nifty is closer to 15000 points. Banking, finance and pharma stocks plummeted. FMGC scripts faced gains. Foreign investment continued to stabilize and positive international signals kept the market afloat. The rupee had gained 1 paise to close at 72.95 against the dollar.
The total market value of listed companies listed as investors’ wealth on the BSE rose by Rs 12.41 lakh crore to a record high of Rs 198.43 lakh crore in the last three days.
The BSE Sensex opened higher at 50,231.06 points in the morning. However, the index fell sharply on the impact of sales, fell to an intraday low of 49,515.88 points. Afterwards the index rebounded strongly with the support of purchases never looked back. The Sensex touched a fresh lifetime high of 50,526.39 points in the previous session.
Finally, it ended with a gain of 458.03 points at 50,255.75. Even on January 21 and February 2, the Sensex crossed 50,000 points, but fell below the close. The Nifty also gained 142.10 points to settle at 14,789.95. The index hit a record high of 14,868.85 points intraday.
Home First Finance Company: The first day of trading in the stock market did not look good. The stock ended 1.81 per cent higher at Rs 527.40 against the issue price of Rs 518 on the BSE Sensex.
Shares of Bajaj Consumer jumped 20 per cent to close at Rs 255.95 on the back of impressive quarterly results.
The BSE Sensex ended with a gain of 23 out of 30 shares. IndusInd Bank gained 7.65%, PowerGrid 6.28%, Dr Reddy’s 3.71%, Sun Pharma 3.29%, NTPC 3.13%, Axis Bank 2.79% and Titan 2.59%.