Indian Stock Market Witness Bullish Trend As India Vix Collapse IT Banking Stocks On Fire Sensex closed with a rise of 676 points due to buying by investors, IT

Stock Market Closing On 16 May 2024: The Indian stock market has closed with great momentum. Due to strong buying by investors in the market in the afternoon, Sensex again closed beyond 73000. This rise in the market has been seen due to buying in banking, IT and FMCG stocks. There was buying in midcap and smallcap stocks. At the end of today's trading, BSE Sensex closed at 73,664 with a jump of 676 points and Nifty of National Stock Exchange closed at 22403 points with a jump of 203 points.

Market cap jump of Rs 3 lakh crore

Due to the tremendous growth in the market, there has been a jump of more than Rs 3 lakh crore in the market capitalization of stocks listed on BSE. The market cap of shares listed on BSE closed at Rs 407.35 lakh crore, which was Rs 404.25 lakh crore in the previous session. Today, there has been a jump of Rs 3.09 lakh crore in the wealth of investors.

condition of the sector

The biggest rise has been seen in the shares of IT sector in today's trade. Apart from this, shares of Banking, FMCG, Auto, Metals, Energy, Consumer Durables, Healthcare, Oil and Gas sectors closed sharply. There was a huge rise in midcap and smallcap shares also. Only the index of public sector banks closed with a decline. Out of 3952 shares, 2140 shares closed with gains and 1689 closed with losses. Today India Vix has declined by .38 percent and closed at the level of 19.99.

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