Share Bazar’s strong performance made investors rich, earned 3 lakh crores


New Delhi (Best Hindu News): BSE Sensex on Monday crossed the 67,000-mark on the enthusiasm of the G20 summit. Nifty has made an all time high record. It touched the level of 20,008 during trading. After this it closed at the level of 19,996 with a gain of 176 points. Earlier on July 20, Nifty had made a high of 19,991. The Sensex was up 417 points at 67,016. Sensex gained over 2 per cent, led by PowerGrid. PSU companies benefited the most on Monday. ITI was up 20 per cent, IRCON was up over 19 per cent, SJVN was up 19 per cent, RVNL was up 15 per cent.

Sonam Srivastava, Smallcase Manager and Founder, Wright Research, said the prospect of Nifty hitting 20,000 is an encouraging phase in the market dynamics, driven by strong corporate earnings, encouraging global cues and substantial foreign institutional investors. This boom is mainly due to resurgence in IT and banking sectors and significant contribution from major companies like Reliance Industries. Srivastava said, the next milestone could be around 20,500, provided the bullishness persists. The rally is dependent on global and domestic economic recovery, corporate performance stability and monetary policy stability.

The strong performance of the stock market on the first trading day of the week has made investors rich. Let me tell you, on Monday, investors have earned Rs 3 lakh crore.

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