By Admin 
Share market today: The Indian stock markets saw a boom on 21 April, Monday for the fifth consecutive day. In early trade, the Sensex rose above 1,000 points and the Nifty also crossed 24,000 points. Strong purchases were seen in all sectors. The BSE Sensex rose by 1,057.83 points to 79,611.03, while NSE Nifty was trading up to 24,181.65.
The trust of investors returning slowly
This lead in the fifth consecutive session is an indication that the trust of investors is slowly returning. Both Sensex and Nifty touched their highest level after 6 January. Banks gained an increase in early trade after the result of many big banks of the brilliant March quarter, but by noon, the IT shares jumped.
This boom is getting support from the return of foreign investors and the hopes of the business negotiations between the US and India to succeed. Apart from this, the strengthening of the rupee is also a major reason for this boom, which rose by 33 paise to 85.05 against the US dollar on Monday.
There was a tremendous boom in banking shares
Today, the reason for this boom in the stock market is a great performance of banking stocks. The shares of ICICI Bank and HDFC Bank in the Nifty 50 index rose by 1.3 percent and 0.9 percent respectively. After the announcement of better quarterly results than expected, the two touched the record high level. Due to this, during the business today, the bank reached the new high level of Nifty Index 55,200. Today IT shares also performed well.
Tech Mahindra was the best performing share on BSE Sensex, which recorded a 6.14 percent lead. After that IndusInd Bank registered a lead of 4.45 percent. In addition, Bajaj Finserv took 4.04 percent and HCL Technologies took a lead of 3.83 percent. Axis Bank made its place in the top-5 with a lead of 3.81 percent. With this, the total market valuation of listed companies in BSE increased to Rs 6 lakh crore.
IT sector also strong
In the afternoon trading, the Nifty IT saw the highest lead, which led to a bounce of 3.25 percent. The Nifty PSU bank index recorded an increase of 2.67 percent and the Nifty Private Bank 2.44 percent, making the best business sector of IT day.
The Nifty Midcap 100 recorded 2.33 percent and Nifty Smallcap 100 gained 1.96 percent. Other sectors also did well. Nifty oil and gas recorded 2.31 percent and 2.18 percent in Nifty metal. Financial services and automobile shares also performed well.
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