Share Market: The domestic stock market opened with green mark on Monday. In the sixth consecutive session, there was a boom in business. During this time, the shares of banking and IT companies increased well. Foreign investment is also investing fiercely in the Indian stock market. There is increasing hope among investors in the market that good days of Indian stock are coming.
At 11:01 pm, the BSE Sensex gained 919 points or 1.19 percent to 77,823, while the Nifty 50 index is also trading at 264 points or 1.13 percent to 23,615 level. Due to this boom in the stock market, the total captivity of all companies listed on Bombay Stock Exchange increased to Rs 4.63 lakh crore to Rs 417.93 lakh crore.
Foreign investors bringing fierce money
On Friday, foreign portfolio investors (FPIs) bought shares worth Rs 7,500 crore in the cash market. This was the biggest investment made in a day in the last four months. Since the end of September 2024, foreign investors have been continuously selling in the stock market. During this time, foreign investors took out about $ 29 billion from Indian shares.
Why did the stock market return?
Now the question comes that what is the reason behind this sudden boom in the Indian stock market? According to The Mint’s report, the stock market experts say that after the meeting of the US Fed last week, the stock market has gained momentum among the estimates of Morgan Stanley’s strengthening the Indian economy.
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