Stock Market Highlight: Sixers in the market, Sensex rises 187 points, Nifty closed above 24150
Share Bazaar News: The process of boom in the local stock market continued in 6 consecutive contracts sessions on Tuesday and BSE Sensex climbed 187 points. The market flow of foreign institutional investors and buying in banks and daily use companies, the market gained momentum. The 30 -share Sensex closed at 79,595.59 points with a gain of 187.09 points, or 0.24 percent. Nifty also closed above 24150.
At one time it climbed to 415.8 points during trading. The Nifty of the National Stock Exchange also closed at 24,167.25 points with a gain of 41.70 points, or 0.17 percent. Except for IT and energy sectors, most index remained in profit. Realty, FMCG (companies making daily use) and the bank were the fastest.Also Read: Share Bazaar: Sensex rises 855 points for 5th consecutive day, Nifty crosses 24100 points
Shares of these major companies fluctuate: ITC, Hindustan Unilever, Mahindra & Mahindra, HDFC Bank, Internal, Kotak Mahindra, State Bank of India and ICICI Bank were prominent among the Sensex shares. On the other hand, IndusInd Bank fell the highest 4.88 percent. Apart from this, Power Grid, Bharti Airtel, Infosys and Bajaj Finserv were also prominently declined.
Such reports have been revealed that the bank has appointed EY for forensic audit to find out anomalies of Rs 600 crore in the ‘micro finance’ business. However, the bank said information to the stock market after the market was closed, it has not appointed EY for forensic audit. But its Internal Audit Department (IAD) is reviewing the MFI (Microfinance) business to investigate some concerns.Also Read: Share Bazaar: Huge increase in early trade in the stock market, Sensex 79,000 levels cross the Nifty crossing 24,000
Jiojit Investments Ltd. Of Research chief Vinod Nair Said that the international market has maintained hope despite the negative global perception related to Trump-Federal Reserve. RBI is expected to increase debt from discount in cash coverage ratio. This will speed up the financial sector. Foreign capital flow remains for the fourth consecutive day due to the weakening of the dollar and competitive evaluation.
He said that apart from this, domestic large economic condition is improving. Decreased inflation and further cuts in the policy rate of RBI are expected to deduct further. This will reduce the cost of debt and increase demand. This is expected to improve the income of companies in FY 2025-26.Also Read: Revenge of foreign investors, FPI puts 8500 crores in the stock market
Connected to small companies BSE Smallcap Index It was in an increase of 0.82 percent while related to Majholi companies Midcap Rote 0.81 percent. BSE’s 2,477 shares were in profit while 1,504 shares declined. 149 shares remain unchanged. The BSE Sensex has risen from April 9 to 5,748.44, i.e. 7.78 percent, while the Nifty was in a gain of 1,768.1 points i.e. 7.89 percent.ALSO READ: Stock Markets: Stock market gains for the third consecutive day, Sensex crosses 77000
In Asian and American markets: In other markets of Asia, China’s Shanghai SSE Composite and Hong Kong’s Hangseng were in profit, while South Korea’s Cappey and Japan’s Nikki were in disadvantage. Major markets of Europe had a mixed trend in the afternoon trading. US markets declined on Monday. According to stock market data, foreign institutional investors (FIIs) on Monday bought shares worth Rs 1,970.17 crore.
Brent Crude (Brent Crude) futures at US $ 67.33 per barrel: Global oil standard Brent crude was trading at $ 67.33 per barrel with a 1.61 percent gain. BSE Sensex was gaining 855.30 points on Monday while NSE Nifty was in profit of 273.90 points. (Language)
Edited by: Ravindra Gupta
