The stock market saw a good bounce on Monday due to a fall in crude oil prices in the international market. The Sensex closed with a gain of around 483 points. At the same time, the Nifty saw an increase of over 150 points. Because of this, stock market investors have benefited more than 4.23 lakh crore rupees. According to experts, the price of crude oil fell by around 2 percent on Monday. Due to which the stock market has got relief. By the way, this week is the Fed Reserve meeting. In which one more rate increase is expected. Due to which the stock market may have to bear losses. Let us also tell you what kind of statistics are being seen in the stock market.

Stock market boomed

The stock market lost more than 2 percent last week. That too when the Jio IPO got a tremendous response in the primary market of the stock market. Because of this Jio has increased foreign investment. In such a situation, no one expected much from the stock market on Monday. Even then, both the Sensex and the Nifty closed higher in a market that was riddled with ups and downs. The Bombay Stock Exchange’s benchmark Sensex closed up 483 points at 73,606.75 points. During the trading session, the Sensex touched an all-time high of 73,606.75 points. National Stock Exchange’s flagship index Nifty closed at 22,753.20 points with an increase of 153.20 points. While during the trading session Nifty reached the highest level of the day with 22,753.20 points.

Which stocks rose?

Shares of Adani Ports, Eternal and Kotak Mahindra Bank rose around 3%, while shares of Trent, Tata Steel, Asian Paints, Indigo, ITC, Bajaj Finserv and Reliance Industries gained up to 2%. In contrast, shares of Bajaj Finance and HDFC Bank were down around 1%. The broader markets also heaved a sigh of relief after Friday’s sharp decline. The Nifty Midcap 100 and Nifty Smallcap 100 indices rose more than 1% each. However, the India VIX, which reflects market volatility, rose nearly 2% to 17.14.

Investors benefited

Investors also benefited a lot due to the boom in the stock market. If we look at the figures, the market cap of BSE on Friday was Rs 4,51,83,393.14 crore. When the stock market closed on Monday, BSE’s market cap stood at Rs. 4,56,06,761.20 crores. This means that BSE’s market cap is Rs. 4,23,368.06 crore has increased. This is an advantage for investors.

What’s next for Dalal Street?

Today’s rally after last week’s sharp decline has given Dalal Street investors some relief, but analysts have advised caution. VK Vijayakumar, chief investment strategist at Geojit Investments, says Brent crude has eased slightly to below $115, but is still very high. Because of this, scope for any major upside from Nifty’s low of 22,600 (seen last Friday) will be limited. However, he also said that investors should not worry about the level of the index in the near future. Their focus should be on the good stocks (value buys) that have become cheaper after this decline, and they should also be alert to the macroeconomic implications of higher crude oil prices.