Stock Market LIVE:Sensex opened beyond record 47 thousand; Stocks of big companies like RIL and HDFC fall to market lows

The stock market has reached record levels due to heavy foreign investment. The Sensex opened at a record 47,026.02 on Friday. The index is currently trading at 46,720.21, down 170.13 points. In addition, the Nifty is trading down 51.50 points at 13,689.20. At the same time, Burger King shares are trading at Rs 161.45, down nearly 10% on the lower circuit.

Stocks update

The banking sector and large stocks are seeing a sharp decline. The Nifty Bank Index is trading down 379 points at 30,467.70. Among large companies, shares of companies like SBI, HDFC, RIL and Bharti Airtel are trading with a decline.

IndusInd Bank's stock is trading down 3% in the Nifty. ONGC, HDFC and HDFC Bank shares are trading down 2–2%. Apart from this, Kotak Bank's stock is also trading down by about 2%. At the same time, HCL Tech and Infosys shares are up 2-2%. Apart from this, TCS shares are also down by more than 1%. The market cap of listed companies in the BSE has gone up to Rs 184.71 lakh crore. The Sensex opened 136.02 points higher at 47,026.02 and the Nifty opened 24.40 points higher at 13,764.40.

Foreign investment in the market

This year, foreign investors made heavy purchases in the stock market. According to the National Securities Depository Limited (NSDL) data, the figure has so far crossed Rs 1.54 lakh crore. Earlier in 2012, foreign investment of 1.3 lakh crores was done.

The special thing is that the pace of foreign investment in Indian markets only increased since August, which continues till now. Only in the month of November this year, Foreign Portfolio Investors (FPI) invested about 60 thousand crores. It had invested 22 thousand crores in the month of October. At the same time, the figure of FPI investment has crossed 50 thousand crore rupees in the month of December.

Increase in demat account

The market has so far been up 88% since the March lows. Foreign investors as well as retail investors played a big role in this. While the FPI has invested more than Rs 1.5 lakh crore in the domestic market so far, retail buyers have also grown in market presence during the Corona period. According to the Securities and Exchange Board of India (SEBI), about 63 lakh new demat accounts were opened in the last 9 months. With this, the total number of demat accounts in India has increased to 4.44 crore.

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