Sensex Closes with a Gain of 240 Points, Nifty up by 60 Points
The share market closed with a boom on June 5, 2023, as the Sensex closed at a level of 62787.47 points with a gain of about 240.36 points. On the other hand, the Nifty closed at a level of 18593.80 points with a gain of 59.70 points. A total of 3,840 companies were traded on BSE that day, out of which about 2,192 shares closed with gains and 1,473 shares with losses. There was no difference in the share price of 175 companies. On the other hand, 246 stocks closed at the upper level of 52 weeks, while 53 stocks closed at their 52-week low.
Top Gainers and Losers of Nifty
Shares of Mahindra & Mahindra closed at Rs 1,395.40, up nearly Rs 54. Axis Bank shares closed at Rs 950.85, up nearly Rs 25. Shares of Tata Motors closed at Rs 546.25, up nearly Rs 10. Larsen’s scrip closed at Rs 2,268.30, up nearly Rs 34. Shares of Grasim closed at Rs 1,734.50, up nearly Rs 24. On the other hand, shares of Devi Labs closed at Rs 3,462.30, down nearly Rs 49. Tech Mahindra’s scrip closed at Rs 1,109.35, down nearly Rs 14. Shares of Asian Paint closed at Rs 3,199.75, down nearly Rs 38. Nestle shares closed at Rs 21,834.15, up nearly Rs 212. BPCL scrip closed at Rs 356.80, down nearly Rs 3.
Sensex and Nifty’s Base Year
The Sensex is an index of the Mumbai Stock Exchange (BSE) and was prepared in 1986 for the Mumbai Stock Exchange. Since then, it is considered an important index not only in India but across the world. Sensex consists of 30 BSE companies, and the base year of Sensex is 1978-79. On the other hand, Nifty is the flagship index of the National Stock Exchange (NSE), and the index level is decided by including the top 50 companies of the NSE in the Nifty. The base year of Nifty is 1995.
How to Buy Shares from Share Market
If someone has a desire to invest in the stock market, they have to first open a demat and trading account with a stockbroker. Shares cannot be bought directly from the stock exchange. PAN, Aadhaar and bank account are required to open a demat and trading account. If these documents are there, then investing in the stock market can be started easily by opening an account with a broker.
In conclusion, the share market closed with a boom on June 5, 2023. The top gainers of Nifty were Mahindra & Mahindra, Axis Bank, Tata Motors, Larsen’s scrip, and Grasim. On the other hand, the top losers of Nifty were Devi Labs, Tech Mahindra’s scrip, Asian Paint, Nestle, and BPCL scrip. Investors who wish to invest in the stock market can open a demat and trading account with a stockbroker to start investing.
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