Share market update news: Local stock markets were bounced on Monday due to purchases in oil, vehicle and bank shares amid the capital flow of foreign institutional investors. The BSE Sensex rose 746 points while NSE Nifty rose by 222 points. Sensex rose in 26 out of 30 companies. Tata Motors, Eternal, Trent, State Bank of India, UltraTech Cement and Larsen & Toubro were prominently benefited. There was a relief fast after the market came to a 3 -month low. On Friday, the Sensex fell 765.47 points to 79,857.79 points and the Nifty fell 232.85 points to close at 24,363.30 points.
The BSE’s 30 -share standard index Sensex rose 746.29 points, or 0.93 percent to close at 80,604.08 points. At one time during trading, the Sensex rose 778.26 points to 80,636.05 points. The National Stock Exchange (NSE) 50 -share index Nifty also rose 221.75 points, or 0.91 percent to close at 24,585.05 points.
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Sensex rose in 26 out of 30 companies. Tata Motors, Eternal, Trent, State Bank of India, UltraTech Cement and Larsen & Toubro were prominently benefited. On the other hand, the shares of Bharat Electronics, Bharti Airtel and Maruti declined.
Vinod Nair, the research head of Jiojit Investments Limited, said, there was a relieved rise after the market came to a three -month low. Positive global signals and withdrawal of foreign institutional investors stressed the notion of investors. According to the stock market data, foreign institutional investors (FIIs) on Friday made net purchases of shares worth Rs 1,932.81 crore.
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Nair said, investors are waiting for the US-Russia summit to be held this week. Although vigilance may persist in the near future, the potential impact on American trade and growth has not yet been assessed.
In other markets in Asia, China’s Shanghai composite and Hong Kong’s Hangseng closed in a positive scope while South Korea’s Cappey closed down with a slight decline. The market remained closed due to holiday in Japan. Most of Europe’s markets were trading with a decline. The US markets on Friday closed with an edge.
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Global oil standard brent crude fell 0.45 percent to $ 66.29 per barrel. On Friday, the Sensex fell 765.47 points to 79,857.79 points and the Nifty fell 232.85 points to close at 24,363.30. (Language)
Edited by: Chetan Gour
