Share market update news: The BSE Sensex rose nearly 419 points to close over 81000 levels on Monday due to a boom in metal, commodities and vehicle stocks amidst a strong trend in global markets, while the Nifty rose by 157 points. Tata Steel, BEL, Adani Ports, Tata Consultancy Services, Tech Mahindra, Bharti Airtel, HCL Technologies, Trent, Mahindra & Mahindra, Reliance Industries, UltraTech Cement and Larsen & Toubro closure with growth. On Friday, the BSE Sensex fell 585.67 points to 80,599.91 points and NSE Nifty closed at 24,565.35 points to close 203 points.
The BSE’s 30 -share standard index Sensex rose 418.81 points, or 0.52 percent, to close at 81,018.72 points. At one time during trading, it rose 493.28 points to 81,093.19 points. The 50 -share standard index Nifty of the National Stock Exchange (NSE) also closed at 24,722.75 points with a gain of 157.40 points, or 0.64 percent. It also touched a high level of 24,734.65 during trading.
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Among the companies included in the Sensex, Tata Steel, BEL, Adani Ports, Tata Consultancy Services, Tech Mahindra, Bharti Airtel, HCL Technologies, Trent, Mahindra & Mahindra, Reliance Industries, Ultratech Cement and Larcen and Larcen & Tubro were closed. However, the stocks of Power Grid, HDFC Bank, ICICI Bank and Hindustan Unilever declined.
Vinod Nair, head of research of Geojit Investments, said, the domestic stock market accelerated due to strong performance of metal and vehicle sectors. Good figures of vehicles with a weak trend in US dollars and the encouraging quarterly results of major vehicle companies again awakened the interest of investors in these areas.
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Nair said, the results of the first quarter indicated that consumption-based companies are gaining rapidly in sales. The slow pace of rising unemployment and employment generation in the US has increased the possibility of cutting the interest rates of Federal Reserve. However, due to the high fees levied by the US, there is still scope to take precautions.
Other markets in Asia Hong Kong’s Hangseng, South Korea’s Cappey and China’s Shanghai composes closed in a positive realm while Japan’s Nikki index remained in a decline. Europe’s markets were trading with an increase in the afternoon business. On Friday, the US markets were closed within a negative scope. Global oil standard Brent crude fell 1.15 percent to $ 68.87 per barrel.
Also Read: Share Bazaar caught speed, Sensex rises 700 points, Nifty also gained momentum
According to the stock market data, foreign institutional investors (FIIs) on Friday made net selling of shares worth Rs 3,366.40 crore. On Friday, the BSE Sensex fell 585.67 points to 80,599.91 points and NSE Nifty closed at 24,565.35 points to close 203 points. (Language)
Edited by: Chetan Gour
