Share Market Update: The stock markets continued to rise for the seventh consecutive day on Wednesday and the major share index BSE Sensex jumped 520 points to close above 80,000 for the first time in 4 months. This is its highest closed level since 18 December. During the trading, the Sensex rose 658.96 points, or 0.82 percent to 80,254.55. Meanwhile, the Nifty also rose 161.70 points, or 0.67 percent to 24,328.95. Analysts stated that buying and positive global trends of foreign institutional investors also strengthened market perception.
IT and vehicle stocks took over the market boom. During this period, the 30 -share Sensex rose 520.90 points, or 0.65 percent to close at 80,116.49. This is its highest closed level since 18 December. During the trading, the Sensex rose 658.96 points, or 0.82 percent to 80,254.55.
Also Read: Stormy boom in Share Bazaar, Sensex jumped more than 1500 points, Nifty also jumped
NSE Nifty rose 161.70 points, or 0.67 percent to 24,328.95. Analysts stated that buying and positive global trends of foreign institutional investors also strengthened market perception. HCL Tech recorded the highest growth of 7.72 percent among the Sensex companies. Apart from this, Tech Mahindra, Tata Motors, Infosys, Mahindra & Mahindra, Tata Consultancy Services, Tata Steel, Bharti Airtel and Maruti also gained significant growth.
Recently, after a sharp increase, bank shares saw selling and HDFC Bank closed down 1.98 percent. Apart from this, Kotak Mahindra Bank, State Bank of India, Axis Bank, ITC and UltraTech Cement were also in disadvantage. Other markets in Asia, South Korea’s Capsy, Nikki of Japan and Hong Kong’s Hangseng were in profit. China’s Shanghai Composite closed down with a slight decline.
Europe’s markets were trading well in the afternoon trading. The American markets also closed with an edge on Tuesday. According to the stock market data, foreign institutional investors (FIIs) on Tuesday bought shares worth Rs 1,290.43 crore.
Also Read: Share Bazaar: Mumbai stock market, Sensex 1431 and NIFTY 460 points jumped from relief on Trump Tariff
Geojit Investment Ltd. The Indian stock market maintained its positive pace, “said Vinod Nair said. The reason for this is the better financial results of IT companies. However, after the recent rise, profits appeared in the financial sector.
He said that trade tension between the US-China seems to be decreasing and the boom in American technology shares has strengthened the perception of the overall global market. Global oil standard brent crude rose by 1.35 percent to $ 68.35 per barrel. (Language)
Edited by: Chetan Gour
