Share Market: Sen*ex rose 367 points, Nifty closed beyond 17925!
The stock market closed sharply for the fourth consecutive day. During this, there was a boom in the auto and banking sector. The stock market today closed sharply for the fourth consecutive day. The Sen*ex closed at 60,223.15 with a gain of 367.22 points today. On the other hand, Nifty climbed 120 points and closed at the level of 17,925.25.
Which stocks saw a rise?
However, except IT, media and pharma, all other sectors saw a boom. The IT index of Nifty saw a fall of about 2% due to profit-making. Here Nifty Farm has also closed down 0.3%. On the other hand, Nifty auto gained 1.05%, Metal Index gained 1.4%.
However, banking stocks also saw a rise, due to which bank Nifty closed at 37 thousand 695.90 with a gain of 2.32%.
Nikhil Kamat, the co-founder of Zerodha and True Beacon, says that the valuation of the stock market is a bit expensive. In 2022, due to inflation and the third wave of the corona, it will be affected due to which the stock market may see a decline.
Experts advice - Stocks are seeing an uptrend at present. Although experts believe that due to the third wave, it may decline, but it is a golden opportunity for investors to invest. The stock market may reach its peak by the end of 2022.
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