Today, November 22, the last trading day of the week, the Sensex closed at the level of 79,117 with a rise of 1,961 points (2.54%). Nifty also rose by 557 points (2.39%), closing at 23,907 level.
Out of 30 Sensex stocks, 29 rose and 1 fell. Out of 50 Nifty stocks, 49 rose and 1 fell. Except for Nifty Media, all sectoral indices on the NSE closed with gains. IT and real estate indices rose the most.
Investor wealth increased by Rs 7.25 lakh crore
Investors’ wealth increased by Rs 7.25 lakh crore due to stock market purchases. On Friday, November 22, the overall market capitalization of BSE-listed companies touched Rs 432 lakh crore. On November 21, it stood at around Rs 425 lakh crore.
3 reasons why the market is increasing
IT Stocks Rise: The Nifty IT index rose by around 3.29% during today’s trading session on the back of strong US labor market data. TCS, Infosys and Mphasis were the top gainers in the IT index. They gained more than 3.5%. Value Buying at Lower Levels: Value buying was seen at lower levels during Friday’s trading, leading to a rise in blue-chip banking stocks. Large-cap stocks like index heavyweights Reliance Industries, SBI and ICICI Bank saw a rally in Adani shares: After huge losses in Thursday’s trade, shares of 6 out of 10 companies in the group Adani saw an increase. Adani Enterprises, the flagship company of the Adani Group, rose 2% today.
Foreign investors sold shares worth ₹5,320.68 crore
In the Asian market, the Japanese Nikkei rose by 0.68% and the Korean Kospi by 0.83%. China’s Shanghai Composite Index closed down 3.06%. On November 21, the US Dow Jones rose 1.06% to 43,870 and the S&P 500 closed up 0.53% to 5,948. The Nasdaq also closed up 0.033% to 18,972. According to NSE data, foreign investors (FIIs) sold shares worth 5,320.68 crores ₹ November 21. During this period, Domestic Investors (DII) purchased shares worth ₹4,200.16 crore.
Today is the last day to bid for the NTPC Green Energy IPO.
Today is the last day to bid for the IPO of NTPC Green Energy Limited. This issue was subscribed a total of 0.99 times in two trading sessions. This IPO was subscribed 2.53 times in the retail category, 0.79 times in the Qualified Institutional Buyers (QIB) category and 0.36 times in the Non-Institutional Investors (NII) category. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 27.
The market closed lower yesterday
Earlier yesterday, i.e. on November 21, the Sensex had closed at the level of 77,155 with a decline of 422 points. At the same time, Nifty also fell by 168 points and closed at 23,349 level.
Out of 30 Sensex stocks, 20 were down and 10 were up. Shares of Adani Enterprises were the top losers on Nifty, falling 23.44 per cent after it was accused of fraudulent bribery in New York.