Sensex jumps over 900 points, Nifty 50 reclaims 24,900; why is Indian stock market rising today? EXPLAINED
Indian stock market witnessed a broad-based buying, which lifted Indian stock market benchmarks—the Sensex and the Nifty 50—by more than 1 per cent each in intraday trade on Thursday, June 5.
The Sensex opened at 81,196.08 against its previous close of 80,998.25 and jumped over 900 points, or 1 per cent, to an intraday high of 81,911.13. The Nifty 50 opened at 24,691.20 against its previous close of 24,620.20 and jumped over a per cent to an intraday high of 24,899.85.
The BSE Midcap and Smallcap indices also rose by almost a per cent.
The overall market capitalisation of firms listed on the BSE rose to nearly ₹449 lakh crore from ₹445 lakh crore in the previous session, making investors richer by about ₹4 lakh crore in a single session.
(This is a developing story. Please check back for fresh updates.)
