Sensex hits 75,000
The top 10 Sensex gainers in 2024 who drove the Sensex rally to 75000 were Reliance Industries, Tata Motors, Mahindra & Mahindra, Sun Pharmaceutical Industries, Maruti Suzuki, State Bank of India, Bharti Airtel, NTPC, Power Grid Corporation of India, and Tata Steel.
Tuesday morning's trading saw the S&P BSE Sensex surpass the 75,000 threshold. The Sensex increased by over 3.8% in 2024, and it only took a few sessions for it to rise from 74000 points to 1000 points. April 1, 2024, saw the crossing of the 74,000 milestone on the sensex.
With gains of 31.19% in 2024, Tata Motors has outperformed all other Sensex equities and has been a major factor in the Sensex's upward trend. Tata Motors is trading close to the 52-week highs it reached last week.
With gains of 26.85%, Sun Pharmaceutical Industries stands out as the second-largest gainer among Sensex equities. In terms of gains, Maruti Suzuki is closely trailed by Sun Pharmaceutical Industries. Among sensex stocks, Maruti Suzuki has gained the most, coming in third place with gains of 24.76%.
In terms of profits, Mahindra & Mahindra is likewise not that dissimilar from Maruti Suzuki and Sun Pharmaceutical Industries. Mahindra & Mahindra is one of the companies that has had a 20% or more rise. Mahindra & Mahindra is a notable performer among Sensex equities, having gained almost 20.83%.
The share price of State Bank of India has increased by just under 20%, surpassing the increases attained by Tata Motors, Sun Pharmaceuticals, Maruti Suzuki, and Mahindra & Mahindra. With gains of 19.71% in 2024, State Bank of India ranks among the top five gainers on the Sensex. Additionally, the bank is getting closer to the 52-week highs it reached last month.
The other two notable Sensex stock gainers are Power Grid Corporation of India and Tata Steel. The other two big winners in 2024 are Power Grid Corporation of India, which will earn around 18.95%, and Tata Steel, which will gain about 18.85%. Investors have also received substantial profits from Tata Steel and Power Grid Corporation of India.
NTPC and Bharti Airtel have experienced significant growth, rising 16–17% in 2024.
In addition to being a notable gainer, Reliance Industries is a heavyweight on the Sensex and has driven and supported the Sensex advance in 2024. Reliance Industries has increased its value by over 14% in 2024, and it has been the main driver of the increases in the Sensex and Nifty indexes.
Despite not being in the top 10, ICICI Bank has contributed significantly to the index increase in 2024, with gains of more than 9.79 percent.
Reliance Industries and ICICI Bank are heavyweights in the Sensex and have played a major role in the surge. The Sensex was able to cross the 75,000 level and rise thanks to the second-largest gainer and index driver.
Please note that the content featured on the website spans a wide array of topics including business, finance, investing, education, jobs, and money matters. We curate this content from a variety of internet sources and occasionally change it with our research, adapting it to suit our editorial standards and presentation style. While we strive for accuracy and reliability, it's important to recognize that the information provided on our website is intended for general informational purposes only. We recommend readers independently verify key details or seek professional advice before making any decisions based on the content presented. Additionally, please be aware that our content may undergo modifications to enhance clarity, relevance, and originality. By accessing MATKA.CYOU, users acknowledge and consent to this approach to content presentation. Thank you for your understanding and continued support. Warm regards, MATKA NEWS Editorial Team
The Matka is a website where you can find information about Market News in finance.