sensex 1000 points up, big movements in sensex-nifty, Ambani’s share changed fortune, see what happened today – share market closing sensex nifty end last trading day of fy23 in style reliance share price jumped
Sensex hit a low
On Friday, the last trading day of the week, domestic markets opened on a green note on the back of positive global cues. In today’s trading, BSE Sensex jumped 1031 points to 58,991 points, while Nifty closed at 17,359 points with an increase of 279 points. Meanwhile, Bank Nifty also saw gains in the afternoon session and was trading at 40,611.25, up 701.10 points or 1.76 per cent.
Shares of Reliance Industries
During today’s trading session, the stock of Reliance Industries Ltd. was trading as top gainer. Reliance stock rose 4.31 percent or Rs 96.25 to close at Rs 2,330.95. Apart from this, 26 out of 30 Sensex shares rose while 4 closed down. Also, out of 50 Nifty stocks, 43 stocks closed higher while 7 stocks closed lower.
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Status of last financial year
The stock market disappointed the investors in the financial year 2023. Although the stock market saw a big rally on the last day of the year, the returns of the Sensex and Nifty indices remained flat for the year. During this period, the Sensex rose by only half a percent while the Nifty fell by half a percent. The midcap index also fell half a percent, while the smallcap index fell 4.5% for the year as a whole. The BSE 500 index has weakened by around 2.5% and investors’ wealth has declined by around Rs 8 lakh crore this fiscal.
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Which stocks rose today?
Excluding Reliance, Nestlé 3.30%, Infosys 3.19%, ICICI Bank 3.08%, Tata Motors 2.80%, TCS 2.16%, Wipro shares traded up 1.80%. While Sun Pharma 0.77%, Asian Paints 0.27%, Bajaj Finance 0.24% and Titan stock fell 0.05%.
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The reason for the rally in Reliance shares
Shares of Reliance Industries rose today due to a news. A news related to the group is believed to be behind the rise in Reliance shares. Reliance Industries, the country’s largest company in terms of market capitalisation, has started the process of demerging its financial services business and will hold an important meeting in this regard on May 2. Shares of Reliance have crossed Rs 2300 after almost 15 days.
