PM Modi announced on Monday late evening that now the responsibility of vaccination of people above 18 years will also be of the central government. This will boost the market sentiment.
Bumper jump in the shares of IOB, Central Bank and BOI due to the news of bank privatization.
On Monday, the Sensex rose by 228 points to 52328 and the Nifty jumped 81 points to close at 15751. Sector wise, Utility, Power, Infra, Telecom sectors rose and showed profit booking in Realty, Finance and Metals.
PM Modi announced on Monday late evening that now the responsibility of vaccination of people above 18 years will also be of the central government. This will boost the market sentiment. Technically, the level of 15700 is important for the market. If it is crossed then the next target will be 15870-15900. Know about which stocks will see movement today.
Sugar stocks showed their strength
The government has reduced the target for 20% ethanol blended petrol by five years to 2025. Due to this announcement, there was a bumper rally in sugar stocks on Monday. Their shares jumped up to 5-18%. In such a situation, keep an eye on the stocks of Balrampur Chini, Triveni Engg, Dalmia Sugar, EID Parry, Dwarikesh Sugar.
Bumper jump in these stocks due to bank privatization
Due to bank privatization, shares of IOB, Central Bank of India, Bank of India remained in discussion on Monday. Their shares rose up to 7-14 per cent. Even today, keep an eye on their shares. Apart from this, the share of Yes Bank rose by about 10 percent. Actually, there will be a meeting of the bank’s board of directors on June 10 in which a decision will be taken on raising funds.
Great performance by Adani Power Share
The craze of investors towards Adani Power Share increased so much that on Monday it got upper circuit. With a gain of 20%, it closed at Rs 126.90. This is its all time high level. It has jumped up to 38 per cent in the last six trading sessions. Talking about the performance of this stock, it has given a return of about 31 percent in the last one month, 70 percent in three months and 226 percent in one year. This stock has given a great return of 557 percent in 3 years.
Reliance Infrastructure share News
Reliance Infrastructure share jumped about 5 percent on Monday. The board of directors of the company has decided to raise a fund of Rs 550 crore. Its stock is currently at a 52-week high.
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Also read, During the Corona period, the stock market wooed investors a lot, 35 new demat accounts opened every minute, the number of investors crossed 7 crores
(Disclaimer: Please consult your financial experts before investing in the stock market.