New Delhi: The domestic stock markets continued to boom on Wednesday. Bumper purchases were seen in the markets for the third consecutive day, which was led by financial and banking stocks. However, Corona’s fear remains.
The market is eyeing the results of the Federal Reserve meeting. Because of this, shopping remains sluggish at the global level. US President Joe Biden and Federal Reserve Chairman Jerome Powell will deliver their addresses today, which will outline the guidelines for economic recovery.
The BSE Sensex jumped 790 points, or 1.61 per cent, to close at 49,734. At the same time, the Nifty 50 index ended the business at 14,865, up 212 points or 1.44 percent. The BSE Midcap index saw a rise of one per cent and the Smallcap index by three-fourth per cent. The
BSE Sensex has gained about 1,900 points or about 4 per cent in the last three trading sessions. During this period, the Nifty 50 index has also gained strength of 4 percent or 550 points.
Top five stocks climbing Nifty 50 index
| Company name | Boom (in percent) | Last quote |
| Bajaj Finance | 8.59 | Rs 5,283.20 |
| Eicher Motors | 5.49 | 2,531.85 rupees |
| IndusInd Bank | 4.98 | 926.40 rupees |
| Bajaj Finserv | 4.28 | 10,522.80 rupees |
| Kotak Mahindra Bank | 3.87 | Rs 1,818 |
Top five stocks falling on Nifty 50 index
| Company name | Weakness (in percent) | Last quote |
| Britannia Industries | 2.01 | Rs 3,470 |
| Hindalco | 1.04 | 362.45 rupees |
| Nestle India | 0.97 | Rs 16,616.05 |
| Divis labs | 0.89 | Rs 3,874 |
| HDFC Life | 0.85 | 673 rupees |
On Tuesday, only Nifty Pharma, Realty and Metal indices appeared in the red mark. Private banks and the Financial Savings index jumped up to three per cent each. The PSU Bank Index showed a rise of up to 2.5 percent.
Only Indian Overseas Bank shares in public sector banks disappointed. All private banks saw a spurt. HDFC AMC shares were the biggest losers on the Financial Services Index. Only three stocks rose on the Pharma index and only four on the Realty index. Hindustan Zinc shares fell the most on the metal index.
Leading agencies like CRISIL and India Ratings have given it a ‘Triple A’ (stable) rating. JM Financial is the manager of the issue. In February this year, insurance regulator IRDA allowed insurance companies to invest in invites.
Retail investors bid up to Rs 300 crore out of Rs 400 crore. An investor can bid up to a maximum of Rs 10 lakh. After this, they will be included in the category of rich investors. Wealthy investors have bid four times as much for a share of Rs 400 crore.
