New Delhi:
Today ie on 3rd May 2024 ahead of the results of the Lok Sabha elections, there has been a huge jump in the stock market. Benchmark indices Sensex and Nifty had a strong start in the pre-opening session. The Sensex gained 2622 points or 3.55 per cent to 76,583 and the Nifty gained 807 points or 3.58 per cent to 23,338 during the period.
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Sensex-Nifty at all-time highs
At the same time, even after the opening of business, the stock market continues to rise. This led to the BSE Sensex rising 2,777.58 points or 3.75 percent to an all-time high of 76,738.89 on May 27, 2024 and the Sensex crossed 76 thousand for the first time. A level of 76,009.68 points.
At the same time, the NSE Nifty also rose 808 points or 3.58 percent to touch a record high of 23,338.70. A sharp rally in the stock market saw investors earn Rs. 12.48 lakh crore has increased.
Shares of all 30 Sensex companies are trading in the green…with Power Grid, NTPC, Larsen & Toubro, State Bank of India, Axis Bank, IndusInd Bank, ICICI Bank and Mahindra & Mahindra the biggest gainers.
All indicators are in green at regional level. Auto, PSU Bank, Financial Services, Natal, Realty, Energy, PSE and Infra indices opened with big gains. Today, midcap and smallcap stocks also continue to see a bumper rally. The Nifty Midcap 100 index was trading up 1,306 points or 2.53 per cent at 53,012 points and the Nifty Smallcap 100 index was trading up 366 points or 2.20 per cent at 17,050 points.
Along with this, the shares of Adani Group are seeing a huge rise. Adani Enterprises, the flagship company of the Adani Group, opened with impressive growth. Around 9:16 am, shares of the company were trading at 3,640.00 points, up 228.65 points (6.70%). Shortly after, shares of Adani Enterprises touched a level of 3,725.00, its all-time high.
Adani Group makes a huge comeback after the Hindenburg report
After a strong comeback by Adani Group companies, today i.e. Monday, June 3, the total market cap of Adani Group companies fell to pre-Hindenburg Report levels. The market cap of Adani Group companies once again rose to Rs. 19.1 lakh crore, reaching the highest level it had made before the Hindenburg allegations. All the listed 10 Adani Group companies took more than 500 days to regain this position.
Let us tell you that on the last trading day i.e. Friday, BSE’s 30-share index Sensex closed up 75.71 points or 0.10 percent at 73,961.31 and National Stock Exchange (NSE) Nifty closed up 42.05 points or 0.19 percent. 22,530.70 points. Last week, the Sensex fell by a whopping 1,449 points while the Nifty lost 426 points.