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Corona vaccine positive, Sensex crosses 48,000 for the first time Sensex crosses 48,000 as soon as vaccine is approved, closes for ninth consecutive day

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6 days ago

The BSE Sensex closed at 48,176 for the first time following approval reports of two corona vaccines in the country. The Sensex closed higher for the ninth consecutive day. There was a buying vibe in the Monday market. Computer and metal stocks were the object of large purchases. Among companies listed on the BSE, 64 percent posted gains. Market experts believe that the uptrend will continue in the coming days.

The reasons for the stock market boom

The approval of the emergency use of Bharat Biotech and serum vaccines in the country boosted sentiment in the stock market. TCS, Infosys, Wipro, HCL, Tech Mahindra have seen gains.

76 percent stock market rally
The total market capitalization of companies listed on BSE has exceeded Rs 190 lakh crore due to the overall buying in the market. A total of 2,330 companies were traded on Monday, with 76% of the shares trading higher.

Nifty cross 14100
On the other hand, the Nifty is also trading at record highs. The index rose 82.65 points to 14,101.15. Shares of Tata Motors rose 2.76 percent to 191 rupees. Apart from that, shares of Tata Steel and Hindalco are also trading up 2 to 2%. Metals are also leading the rally. The Nifty Metal Index rose 2.18 percent.

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