Stock market became a rocket before Diwali, earning 14 lakh crores in 4 days, still picture left bro?

A few days before Diwali, the stock market has gained momentum once again. On Tuesday, the Sensex showed a jump of over 1000 points for the second day in a row. If we talk about 4 days i.e. after 28 October, the stock market has increased by more than 5 percent. Apart from the quarterly results, the main reasons are the drop in crude oil prices, the rise in the rupee and buying by foreign investors. Due to this boom in the stock market, stock market investors have earned more than 14 lakh crore rupees in 4 days. Let us also tell you what kind of data is being seen in Sensex and Nifty…

Sensex jumped by over 3500 points

Looking at data from the Bombay Stock Exchange, the benchmark Sensex fell for the fourth consecutive day and the figure reached close to 77 thousand points. Since October 28, Sensex has seen a continuous rise. On October 28, the Sensex closed at 73,246.03 points. Since then, the Sensex has gained 3,533.63 points or 4.82 percent. The Sensex rose 1,086.88 points to 76,779.66 points during the trading session on November 3. However, the Sensex was trading at 76,631.12 points, up 935 points at 2:10 pm. If the experts are to be believed, Sensex may see further rise in the coming days.

Nifty also registered a big jump

On the other hand, Nifty, the main index of the National Stock Exchange, has also seen a big jump in four days. Looking at the figures, the Nifty closed at 23,746.25 points on October 28. Since then, the Nifty has gained 1,047.4 points or 4.61 percent. However, on November 3, the Nifty surged by over 300 points to 23,746.25 points. However, the Nifty is trading at 23,708 points, up 262.50 points at 2:13 pm. However, the Nifty is still seen well below its lifetime high.

Main causes of stock market boom

1. Purchase by Foreign Investors: There has been no such boom in the stock market. The purchase of foreign investors has played a major role in this. Investments were made by foreign investors in the six trading days between October 26 and November 2. 4240 crore rupees were invested on 27th October, 872 crore rupees on 28th October, 3598 crore rupees on 30th October and 3115 crore rupees on 2nd November. While on October 26, 1462 crore rupees and on October 29, 944 crore rupees were sold.
2. Decline in crude oil prices: On the other hand, the stock market is seeing a boom due to the fall in crude oil prices. On October 28, the price of Brent crude was seen above $115, which fell to $103 per barrel on October 3. Because of this, the price of Brent crude has decreased by more than 10 percent.
3. Rupee Gains Against Dollar: Apart from this, the rupee has also seen a lot of appreciation against the dollar during this period. On October 28, the rupee was seen at 95.120 against the dollar. which was seen on November 3 at the level of 94.704. It means that the rupee has seen a rise of 51 paise. The effect of which has also been seen in the stock market.
4. Better quarterly results: The second quarter saw good corporate quarterly results. A recent example is Reliance Industries. Its profits have seen a historic jump of more than 40 percent. Because of this, the company’s shares rose by 12 percent on Monday. The effect of which was also seen in the performance of Sensex and Nifty.

Investors earned 14 lakh crores

Stock market investors remained silver in these 4 trading days. If we look at the figures, they have made a profit of more than 14 lakh crore rupees. In fact, investment returns are linked to the market cap of BSE. On October 28, BSE’s market cap was Rs. 4,72,63,304.73 crores. Which during the trading session of November 3 Rs. 4,87,06,606.07 crores was reached. This means that stock market investors will get Rs. 14,43,301.34 crores in profit.