Share Bazaar News: The local stock market rose on Tuesday and BSE Sensex was in profit of 270 points, while the National Stock Exchange NIFTY closed above 25,500 points. The market strengthened the market with a strong trend in other markets in Asia and the buying in select IT stocks strengthened the market. BSE Sensex, based on 30 shares, closed at 83,712.51 points with a gain of 270.01 points, or 0.32 percent. In 30 shares of Sensex, 18 were in profit while 12 were in loss. NSE Nifty (NSE NIFTY), based on 50 shares, closed at 25,522.50 points with 61.20 points i.e. 0.24 percent.
According to experts, the stock market remained in limited range during almost the entire trading. Before the trading ended, some stocks were buying. Investors are waiting for concrete progress in the Indo-US trade agreement. Meanwhile, the US has extended the deadline for imposing retaliation to 1 August.Also Read: Share Bazaar: Stock market fluctuations in early trade, flat business in Sensex and NIFTY
Shares of these major companies fluctuate: The Sensex companies were prominently profitable by Kotak Mahindra Bank, Eyonnel (East Jomato), Asian Paints, NTPC, Bharat Electronics Ltd., Adani Ports, Infosys and State Bank of India. However, Titan declined by more than 6 percent. Apart from this, shares of Trent, Axis Bank, Maruti and Hindustan Unilever were in loss.
Trump said, we close to compromising with India: President Donald Trump has said that the US is close to a trade agreement with India. Trump said on Monday that we have now compromised with Britain, we have signed a compromise with China. We are close to compromising with India.Also Read: Share Bazaar: India America tied up with trade agreement, early trade in stock markets gains
Vinod Nair, head of research of Jiojit Investment Limited, said the Indian stock market was largely limited. The reason for this is investors waiting for concrete progress on the Indo-US trade agreement. Although the perception of the possible agreement remains positive with alert stance, fresh purchase activities remained limited due to lack of formal confirmation.
He said that apart from this, the US decision to increase the deadline for implementing a 25 percent fee on major trade partners has encouraged investors to take a more defensive stance. The BSE Smallcap index belonging to small companies came down 0.17 percent, while the midcap belonging to medium companies remained almost stable with a slight increase of 0.01 percent.Also Read: Share Bazaar: Stock market gains due to buying in Reliance and HDFC Bank, Sensex 91 and NIFTY 25 points
In Asian and American markets: In the Asian markets, South Korea’s Cappey, Japan’s Nikki, China’s Shanghai Composite and Hong Kong’s Hangseng closed up. There was a mixed trend in the afternoon trading in the major markets of Europe. The American markets were in disadvantage on Monday.
Foreign institutional investors (FII) sold shares worth Rs 321 crore on Monday: The Brent Crude was broken at $ 69.17 per barrel. According to stock market data, foreign institutional investors ((FII) bought shares worth Rs 321.16 crore on Monday. Domestic institutional investors (DIIs) also bought shares worth Rs 1,853.39 crore. On Monday, the Sensex had a slight rise of 9.61 and the Nifty was closed. (Language)
Edited by: Ravindra Gupta
