Indian stock market closed with a strong rally due to buying in banking stocks

Stock Market Closing In 29th December 2022: Thursday has been a wonderful day for the Indian stock market. On the day of monthly expiry, the Indian market opened with a fall due to global cues, but the stock market gained momentum due to buying in banking and IT stocks. And at the end of today’s trading, the BSE Sensex fell by 223 points to 61,133 points, while the NSE Nifty closed at 18,191 points with a gain of 68 points. Sensex has again managed to close above 61000 points.

condition of the sector

The credit for the boom in the stock market goes to the Bank Nifty, which has seen a gain of 800 points from the lower level. Apart from banking, the shares of Nifty Auto, Nifty IT, Nifty Metals, Nifty Energy have also seen a boom. Buying was also seen in the shares of Pharma sector. Only FMCG media and consumer durables sectors saw a decline. While 20 of the 30 Sensex stocks closed with gains, 10 stocks declined. So out of 50 shares of Nifty, 32 shares have closed with a rise and 18 shares have closed with a decline.

index name closure level high level low levels percentage change
BSE Sensex 61,182.22 61,210.65 60,479.06 00:06:29
BSE SmallCap 28,721.47 28,722.54 28,485.58 0.27%
India VIX 14.81 15.77 14.71 -3.78%
NIFTY Midcap 100 31,350.90 31,426.65 30,965.80 0.00
NIFTY Smallcap 100 9,658.95 9,670.00 9,561.55 0.00
nifty smallcap 50 4,306.80 4,312.00 4,274.50 -0.08%
Nifty 100 18,343.60 18,387.60 18,124.80 0.00
Nifty 200 9,587.00 9,608.55 9,472.35 0.00
Nifty 50 18,191.00 18,229.70 17,992.80 0.00

1.41 lakh crore jump in investors’ wealth

Due to the boom in the Indian stock market, there has been a jump of Rs 1.41 lakh crore in the wealth of investors. The market cap of companies listed on BSE has reached Rs 282.45 lakh crore, which was Rs 281.04 lakh crore on Wednesday.

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