Why is the Indian stock market surging today as the Sensex soars over 900 points and the Nifty 50 recovers 24,900? EXPLAINED
The Sensex and the Nifty 50, two benchmarks of the Indian stock market, increased by more than 1% apiece in intraday trading on Thursday, June 5, as a result of widespread purchasing in the Indian stock market.
In contrast to its previous finish of 80,998.25,the Sensex began at 81,196.08 and surged more than 900 points,or 1%,to reach an intraday high of 81,911.13. In contrast to its previous close of 24,620.20,the Nifty 50 began at 24,691.20 and surged more than 1% to reach an intraday high of 24,899.85.
Additionally, the BSE Smallcap and Midcap indices increased by nearly 1%.
Investors gained around ₹4 lakh crore in a single session as the total market capitalization of companies listed on the BSE increased to almost ₹449 lakh crore from ₹445 lakh crore in the previous session.
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