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This week has been no less than a celebration for the Indian stock market. On Friday, a big relieved smile finally returned on the faces of investors who were facing red marks and losses for the last one and a half month. The market has not only broken its continuous falling trend, but has also shown its best weekly performance in the last five years. This rise can be gauged from the fact that in just 5 trading sessions, there has been a huge increase of about Rs 28.85 lakh crore in the wealth of investors.

Six weeks of disappointment ends, Sensex-Nifty rocketed

After a continuous decline for the last six weeks, this week Dalal Street The mood seemed to have completely changed. By the end of trading on Friday, BSE Sensex took a huge jump of 919 points and settled at a strong level of 77,550. On the other hand, Nifty 50 also made a great comeback and crossed the important psychological level of 24,000. Nifty rose 276 points and closed at the level of 24,051. If we look at the performance of the entire week, both the main indices recorded an impressive growth of about 6 percent. At the same time, there was heavy buying in small and medium stocks, due to which the Midcap and Nifty Bank indices, which were part of the broader market, registered a tremendous rise of about 8 percent.

What is the real reason for this rise in the market?

The stock market always keeps a close eye on global events and reacts accordingly. According to market experts, this time the biggest support to the market has come from the news of possible ceasefire between America and Iran. The hope of this geopolitical stability filled the markets around the world with positive energy, which directly benefited the Indian market as well. Apart from this, many good stocks had become cheap after the recent fall. Investors saw this as an opportunity. Auto and realty sectors gave the highest profits to investors. There was such strong buying from lower levels in these sectors that they gave double digit returns. Besides, big investors also invested heavily in shares of banking and financial sector.

IT giants disappointed

The market trend in Friday's trading session was completely positive and broad. Out of total 4,449 shares traded on Bombay Stock Exchange (BSE), 3,362 shares closed in the green with profit. Selling pressure was seen in 944 shares, while 143 shares remained flat without any change.

most profitable stocks

Out of 30 major Sensex stocks, 25 made profits for investors. Among these, Asian Paints remained at the forefront with a gain of 3.84 percent. Apart from this, a strong rise of 2.49% to 3.22% was seen in big stocks like ICICI Bank, Mahindra & Mahindra (M&M), Indigo and Axis Bank.

falling stocks

In this market downturn, investors in the IT and pharma sectors suffered a slight setback. 5 Sensex stocks closed in the red. Sun Pharma proved to be the top loser by falling 3.65 percent. Apart from this, Infosys, TCS, Tech Mahindra and HCL Tech also recorded a decline ranging from 0.90% to 2.94%.

Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.