Winning Business Desk
Mumbai. The beginning of the stock market was a big bang on Monday, the first trading day of the week. Bombay Stock Exchange's 30-share key sensitive index Sensex opened at 59824 with a jump of 548 points at 9:15 am on Monday. On the other hand, Nifty also started the business today with a green mark. In the pre-opening, the Sensex had crossed the level of 60000. After the news of the merger of HDFC and HDFC Bank, stock market witnessed a tremendous boom. The Sensex jumped 1203.11 points to reach 60,479.80, while the Nifty jumped 325.80 points to 17,996.25. Although Nifty has also touched the level of 18003 today. HDFC 14.54 percent and HDFC Bank shares are seeing a gain of more than 11 percent.
4 stocks gave super returns in 1 month
In early trade, the Sensex gained 790.61 points to reach the level of 60,067.30. At the same time, Nifty was trading at 17,830 with a gain of 159 points. HDFC, HDFC Bank, HDFC Life, Adani Ports and Bajaj Finserv are seeing strong gains in Nifty top gainers. While Mahindra & Mahindra, Infosys, ONGC, Kotak Bank, Shri cement are in the top losers.
Market capitalization increased by Rs 2.61 lakh crore
The market capitalization (market cap) of the top 10 Sensex companies collectively increased by Rs 2,61,767.61 crore last week. HDFC Bank and Reliance Industries were the biggest gainers during the week amid a bullish trend in the stock markets. Last week, the 30-share BSE Sensex rose 1,914.49 points or 3.33 per cent. HDFC Bank's market capitalization rose by Rs 41,469.24 crore to Rs 8,35,324.84 crore in the reporting week. The market valuation of Reliance Industries increased by Rs 39,073.7 crore to Rs 17,95,709.10 crore.