After a big correction, Nifty and Sensex are witnessing a rise. On Monday, November 25, both Sensex and Nifty 50 continued to rise, indicating a rise for the second consecutive day. With this rise, the market value of BSE listed companies saw an increase of Rs 8.5 lakh crore. This rise in the market has been seen after the spectacular victory of the BJP-led Mahayuti in the Maharashtra elections.
PSU Bank, PSE index rose the most. Realty, banking, energy stocks also saw a rise. Sensex closed at 80,110, up 993 points, while Nifty closed at 24,222, up 315 points. During intra-day trading, Sensex rose 1,356 points or 1.7 percent to a high of 80,473.08, while Nifty 50 rose 444 points or 1.8 percent to reach a pie of 24,351.55. This rise has come after a rise of about 2.5 percent on Friday, November 22. Rise
in these stocks On Monday, stocks like Reliance Industries Limited (RIL), ICICI Bank, HDFC Bank, Larsen & Toubro (L&T), Mahindra & Mahindra (M&M), State Bank of India (SBI), Airtel and Axis Bank played a big role in the rise of the index. There were 4 major reasons for the rise in the market. Positive political sentiment The market sentiment has improved significantly after the results of the Maharashtra state elections. The BJP-led Mahayuti alliance is going to form the government in Maharashtra, which is expected to provide political stability. Investors are looking positive about sectors related to BJP's policies such as infrastructure, urban development and manufacturing. PSU stocks saw a rise in the market. Strong global signals Global signals were also the reason for the rise in the market on Monday. Most Asian indices rose, Japan's Nikkei index, South Korea's Kospi saw a rise. Positive global trends often have an impact on the Indian markets. Changes in MSCI index Quarterly changes to the Morgan Stanley Capital International (MSCI) index came into effect on November 25. After these changes, five stocks will be included in the MSCI Standard/EM Index for India and none will be excluded, taking the total number to 156. 13 stocks have been announced for inclusion in the small-cap index, taking India's representation in the category to 525 stocks PSU stocks rise up to 8% PSU stocks surged on Monday after the BJP-led alliance won a significant victory in the Maharashtra elections, with many stocks gaining up to 8 per cent. The top gainers were IRFC, Bharat Electronics Limited (BEL), Rail Vikas Nigam Limited (RVNL), Bharat Dynamics Limited, NBCC (India) Limited and GAIL.
--Advertisement--