Mumbai23 hours ago
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Today, on November 22, the last trading day of the week, the Sensex closed at the level of 79,117 with a rise of 1961 points (2.54%). Nifty also rose by 557 points (2.39%), closing at the level of 23,907.
Out of 30 Sensex stocks, 29 rose and 1 declined. Out of 50 Nifty stocks, 49 rose and 1 declined. Except Nifty Media, all the sectoral indices of NSE closed with gains. IT and realty indices rose the most.
Investors’ wealth increased by Rs 7.25 lakh crore
Investors’ wealth increased by Rs 7.25 lakh crore due to buying in the stock market. On Friday, November 22, the overall market cap of companies listed on BSE reached Rs 432 lakh crore. On November 21, it was approximately Rs 425 lakh crore.
Biggest rally in the market in 5 months
This is the biggest rally of the stock market in 5 months. Earlier on June 3, a day before the results of the Lok Sabha elections, the Sensex had climbed 2,507 points and closed at the level of 76,468. Whereas Nifty rose 733 points and closed at the level of 23,263.
3 reasons for the market to rise
- Rise in IT Stocks: Nifty IT index rose about 3.29% in today’s trading session due to strong labor market data from the US. TCS, Infosys and Mphasis are the top gainers of the IT index. They have increased by more than 3.5%.
- Value Buying at the Bottom: Value buying was seen at lower levels in Friday’s trade, leading to a rise in blue-chip bank stocks. Largecap stocks like index heavyweights Reliance Industries, SBI, ICICI Bank, etc saw gains.
- Recovery in Adani Stocks: After huge losses in Thursday’s trading, shares of 6 out of 10 companies of Adani Group saw a rise. Adani Group’s flagship company Adani Enterprises rose by 2% today.
Foreign investors sold shares worth ₹5,320.68 crore
- In the Asian market, Japan’s Nikkei rose by 0.68% and Korea’s Kospi rose by 0.83%. China’s Shanghai Composite Index closed with a decline of 3.06%.
- On November 21, the US Dow Jones Industrial Average rose 1.06% to 43,870 and the S&P 500 rose 0.53% to 5,948. The Nasdaq also rose 0.033% to 18,972.
- According to NSE data, foreign investors (FIIs) sold shares worth ₹5,320.68 crore on November 21. During this period, domestic investors (DIIs) bought shares worth ₹4,200.16 crore.
Today is the last day to bid for NTPC Green Energy IPO.
Today is the last day to bid for the IPO of NTPC Green Energy Limited. This issue has been subscribed a total of 0.99 times in two trading days. This IPO has been subscribed 2.53 times in the retail category, 0.79 times in the Qualified Institutional Buyers (QIB) category and 0.36 times in the Non-Institutional Investors (NII) category. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 27.
The market closed with a decline yesterday
Earlier yesterday i.e. on November 21, the Sensex had closed at the level of 77,155 with a fall of 422 points. At the same time, Nifty also fell by 168 points, it closed at the level of 23,349.
Out of 30 Sensex stocks, 20 were in decline and 10 were up. Adani Enterprises shares were the top Nifty loser, falling 23.44% after being accused of fraud-bribery in New York.
