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The stock market started trading with a bumper rise on Monday and Nifty rose by 346 points and opened at the level of 24253. Sensex rose by 1076 points and opened at the level of 80193. After the BJP-led NDA got a huge majority in the Maharashtra assembly elections, the market is witnessing a stormy rise today. On Friday too, there was a rise of 557 points in the Nifty in the market. After today's big follow-up, many upper levels were broken. Nifty broke major resistance levels like 24000, and 24100 with a gap-up opening.


Among the top gainers of Nifty50, Shriram Finance is seeing a gain of 5%. Stocks like BEL, BPCL, ONGC, and L&T are also in good growth.

Out of Nifty50, only 3 stocks JSW Steel, Infosys, and Dr. Reddy's are looking negative.

After a long correction phase, Nifty has once again regained its rhythm. In the level two trading session, Nifty has increased by one thousand points from its lowest level of 23263.


It was believed that 24100 was a big resistance level for the Nifty but today's gap has crossed the opening of the Nifty at 24300. In the coming days, 24100 can act as a big support level for Nifty.

Investors are focusing on large-cap stocks in this bullish market. Many large-cap stocks have fallen up to 30% from their 52-week or recent high.

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