Strong start of stock market on the basis of shopping in HDFC Bank-TCs, Sensex rises 154 points
On Thursday, both Sensex and Nifty gained an edge due to strong purchases in major blue-chip shares like HDFC Bank and TCS and positive signals from US markets. According to PTI news, the domestic stock market was strengthened in early trade on Thursday. The BSE Sensex rose 154.07 points to 80,693.98, while NSE Nifty was trading at 24,664.35 with a gain of 45 points.
Top gainer and top loser stocks
According to the news, Sensex companies Infosys, Sun Pharma, Asian Paints, HDFC Bank, Maruti and TCS saw the most benefits. On the other hand, shares of Tata Steel, India Electronics, NTPC and Adani Ports saw a decline.
Rupee 8 paise stronger against dollar
On Thursday, the rupee remained in a limited range in early trade and reached 87.39 against the US dollar to 87.39. This strength was seen due to positive trends in domestic stock markets. According to Forex Traders, the rupee is currently trading within a limited range and the overall approach still remains negative due to uncertainty between India and the US. The rupee opened at 87.48 in the interbank foreign exchange market and later reached 87.39, which shows an increase of 8 paise against the previous closed level.
Asian market condition
Talking about the Asian markets, China’s Shanghai Composite Index was in the lead, while South Korea’s Kospi, Japan’s Nikkei 225 and Hong Kong’s Hangseng were trading in loss. US markets firmly ended the day on Wednesday. The main investment strategist of Geojit Investments Limited V.K. Vijaykumar says that the market’s eyes are now on the trump-Putin summit talks, which can give indications to investors about the front direction.
Brent crude and FII trend
Brent crude rose 0.34% to $ 65.85 per barrel in the global market. FII (foreign institutional investors) on Wednesday sold Rs 3,644.43 crore, while DII (domestic institutional investors) purchased Rs 5,623.79 crore. The market was also rose on Wednesday, when the Sensex rose 304.32 points (0.38%) to 80,539.91, and Nifty 131.95 points (0.54%) to close at 24,619.35.
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