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New Delhi. The stock market is still on its new record. On the last trading day of the week i.e. Friday, the Sensex crossed the 60,000 mark. This benchmark index has increased by 10,000 points, the fastest ever since 50,000 points in January this year. Nifty 50 is also trading near 18,000 point with the help of rally in tech stocks. The market capitalization (Mcap) of companies listed on BSE had reached an all-time high on Thursday with Rs 261.73 lakh crore.
huge profit from investors
From a market cap of a little over Rs 6 lakh crore in 2001-02 to Rs 68,39,083 crore in 2010-11 and now to Rs 2,61,73,374 crore in 2010-11, the benchmark index has shown a spectacular rise in investors’ wealth. Market experts say that the achievement of the Sensex (BSE Sensex) during Kovid is surprising and it is a good sign for the bulls who have complete control over the market.
However, along with this, experts have also advised investors to be cautious. The valuation of the market has increased significantly and is at a premium of around 80 per cent as compared to other emerging markets. It will be difficult to sustain the market at this level.
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Shares of these companies won
As this market has reached from 50,000 mark to 60,000 mark. During this, a huge increase has been seen in the shares of many companies. The top five beneficiaries include two non-bank lenders, a steel company, a state-owned bank and an information technology company.
However, Infosys (up 30 per cent), Reliance Industries (up 19 per cent), ICICI Bank (up 30 per cent) were the biggest contributors to the Sensex’s 50,000-point gain of 20 per cent.
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Here are the multibagger stock
1. Bajaj Finserv Ltd. The stock has gained 105% so far.
2. Tata Steel Ltd. So far there is a gain of 98%.
3. Bajaj Finance Ltd. So far there is a gain of 54%.
4. State Bank of India (SBI Stock) has seen an increase of 53% so far this year.
5. Tech Mahindra Ltd. The stock has gained 52% so far.
Similarly Titan Company Ltd. Shares of Ultratech Cement Ltd. rose 39%. In the share of 37%, HCL Technologies Ltd. shares of 34% and Sun Pharma and NTPC Ltd. The share of the company has increased rapidly by 32% – 31% respectively.
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