Mumbai: – The Mumbai share market index scaled record heights in the special Mahurat trades, to mark the occasion of the new 2077 Samvat. The Sensex reached 43,637.98, recording a leap of 194.98 points and the NIFTY reached the record level of 12,780.30.
The special trades were carried out on the Mahurat at 6.15 pm. There was an enthusiasm in the markets from the beginning. Buying was the major trend in the transactions held for an hour. Out of the 30 prominent companies in the Mumbai share market, share prices of 22 companies increased. The Shares prices of Axis Bank, HDFC Bank, Bajaj Auto, Sun Pharma, HCL Tech, Tata Steel, Mahindra and Mahindra, Airtel, HUL, Maruti Udyog and Infosys appreciated. Whereas, there was a decline in the share prices of Bajaj Finance, Power Grid, Titan and Ultratech Cement.
Transactions have started all around the country, following the unlock and the economy seems to be gaining momentum. Predictions of reduction in the economic growth rate has been made. But as compared to the forecasts made, the possibility of improvement in the economy is seen. As per experts, positive effects of the improvements in the country’s economy are reflecting in the share markets.