Strong Rise in Indian Market on Monday

Strong Rise in Indian Market on MondayAfter recording the global trend, it has been revealed out that after so many ups and downs in the stock market, on Monday once again the Bombay Stock Exchange benchmark Sensex landed around 16,416.33. This means that in last two months, the same has increased by 567 points. Since June 24 when there was a shortage of 513 points, this is the largest jump the share market has ever made.

Upon considering the factors behind this, analysts came to know that recently funds have been purchased by the bank, IT sector and metal stocks. This has made the 30-share index turn up by 567.50 points. With European market opening high and Asian regions having a stiff trend, this index even reached up to the mark of 16,462.03.

At the same time, the wider National Stock Exchange Nifty index increased 171.80 points. After stirring the day’s highest mark of 4,934.40 points, it came to 4,919.60 points.

Holding around 21% on benchmark Sensex, Reliance Industries was found at Rs. 754.05 which means that it was increased by 4.80%, while Infosys jumped by 4.23% reaching Rs. 2,297.85.