Share market update news: The local stock market rose in the sixth consecutive trading session on Thursday and the BSE Sensex rose 143 points to cross the 82,000 points. The Nifty also rose 33.20 points, or 0.13 percent, closed at 25,083.75 points. The shares of major companies like ICICI Bank and Reliance Industries were in the market with buying. Bajaj Finserv, ICICI Bank, Reliance Industries, Bajaj Finance, Larsen & Toubro and Bharat Electronics were prominent among the companies involved in the Sensex. Most of the US markets closed down on Wednesday.
The BSE’s 30 -share standard index Sensex climbed 142.87 points, or 0.17 percent to close at 82,000.71 points after trading in a limited range. At one time it climbed to 373.33 points during trading. The Sensex closed with 14 shares gains, while 16 fell. The National Stock Exchange (NSE) standard index Nifty also increased by 33.20 points, or 0.13 percent, to close at 25,083.75 points.
Also Read: Share Bazaar came out, Sensex 304 points jumped, nifty also increased
Bajaj Finserv, ICICI Bank, Reliance Industries, Bajaj Finance, Larsen & Toubro and Bharat Electronics were prominent among the companies involved in the Sensex. On the other hand, the disadvantage stocks include the power grid, the internal, Hindustan Unilever and Adani Ports. In the six -day rise, the Sensex has climbed a total of 1,765 points i.e. 2.14 percent and the Nifty 596 points i.e. 2.4 percent.
Market experts said that investors have increased the confidence of the proposed GST reforms and recently raising India’s credit rating by S&P. On rationalizing GST rates, a group of ministers of the states have accepted the proposal to adopt a two-slab structure of five and 18 percent of the Center. The GST Council may take a final decision on this proposal next month.
Also Read: FII’s return out in Share Bazaar, Sensex 746 points, NIFTY also gained momentum
Ajit Mishra, Senior Vice President (Research), Railings Broking Limited, said, “On the day of the weekly end of futures contract deals, there was a loose business in the market.” The market remained largely stable amid mixed signals. The Nifty started flat and throughout the trading session it remained in a limited range. Investors took a cautious stance in waiting for the signals received by the US Federal Reserve Chairman Jerome Pavel’s Jackson Hall address.
The BSE Smallcap index of small companies remained stable with a slight increase of 0.01 percent, while the midcap of the medium companies rose by 0.12 percent. Region -wise indices recorded an increase of 0.61 percent in health care segment, 0.46 percent in realty section and 0.25 percent in industrial section.
Out of the listed companies on the BSE, 2,098 shares climbed down while 1,995 shares fell and 155 others remained unchanged. In other markets in Asia, South Korea’s Cappey and China’s Shanghai Composite remained in the lead, while Japan’s Nikki and Hong Kong’s hangs closed down with a decline.
Also Read: Share Bazaar boom, Sensex 540 points jumped, Nifty also crossed 25200
There was a decline in the afternoon trading in the major markets of Europe. Most of the US markets closed down on Wednesday. According to the stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,100.09 crore on Wednesday, while domestic institutional investors (DIIs) bought shares worth Rs 1,806.34 crore. Global oil benchmark Brent crude rose 0.90 percent to $ 67.44 per barrel. (Language)
Edited by: Chetan Gour
