Share market update news: The local stock market returned on Wednesday and the BSE Sensex was in a profit of 304 points, which was strengthened by 0.38 percent to close at 80,539.91. The Nifty also rose 131.95 points, or 0.54 percent to 24,619.35. In the US, domestic market was in the rise in the global markets, with the fiercement of metal, vehicle and drug companies, among the US. The Sensex was broken 368.49 on Tuesday, while the Nifty fell by 97.65 points.
BSE Sensex based on thirty stocks closed at 80,539.91 with a strength of 304.32 points, or 0.38 percent. During the trading, at one time it climbed up to 448.15 points. At the same time, the Nifty of the 50 -share National Stock Exchange rose 131.95 points, or 0.54 percent to 24,619.35. Analysts said that the eight -year low of retail inflation in July had a positive impact on the domestic stock market.
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Jiojit Investments Ltd. Research head Vinod Nair said, there was a positive attitude in the Indian stock markets. The reason for this is to reach an eight -year low of consumer price index based inflation. This has increased the hope of improvement in areas related to expenses by thinking of vehicles and metal shares.
Globally, extending the time limit for levying the fees on China and the softening of oil prices improved. He said, despite Donald Trump’s trade trek and uncertainties on global risks, India’s growth-precipitation status remains favorable for FY 2025-26.
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There is a risk of slight decline on the basis of the situation being updated on the fee. India is waiting for the Trump-Putin meeting to be held on August 15. Among the companies included in the Sensex, India Electronics, International, Mahindra & Mahindra, Kotak Mahindra Bank, Tata Motors and Power Grid were in profit. On the other hand, the disadvantage stocks include Adani Ports, ITC, UltraTech Cement and Titan.
According to government data released on Tuesday, retail inflation decreased to an eight -year low to 1.55 percent in July. This is below the satisfactory level of the Reserve Bank for the first time since January 2019. Inflation has reduced due to cheap food items. Among other markets in Asia, South Korea’s Cospie, Japan’s Nikki, China’s Shanghai Composite and Hong Kong’s Hangseng lead. The major markets of Europe were in an edge in the afternoon trading.
The American markets closed on Tuesday. Global oil standard Brent crude broke from 0.36 percent to $ 65.88 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 3,398.80 crore on Tuesday. The Sensex was broken 368.49 on Tuesday, while the Nifty fell by 97.65 points. (Language)
Edited by: Chetan Gour
