Israel Iran ceasefire out of the stock market, Sensex rises 930 points
Share Market News in Hindi: Israel Iran ceasefire, the boom in global markets and the expectation of possible decrease in the West Asia conflict, on Tuesday, there was a jump in the Gheelu stock markets index Sensex and Nifty in the early trade. The BSE Sensex gained 930.7 points in early trade to 82,827.49 points while NSE Nifty rose 278.95 to 25,250.85 points.
Among the 30 companies included in the Sensex, Shares of Adani Ports, UltraTech Cement, Mahindra & Mahindra, Larsen & Tube, Axis Bank and Asian Paints were the most profitable. The shares of NTPC and India Electronics were damaged. Among the Asian markets, South Korea’s Cappey, Japan’s Nikki 225, Hong Kong’s Hangseng and China’s Shanghai SSE Composite were in advantage. The American markets closed with a positive attitude on Monday.
International standard Brent crude fell by 2.87 percent to $ 69.53 per barrel.
Forex traders said that the local currency was strengthened by the softening of crude oil prices amidst the expectation of ceasefire between Iran and Israel. Weak dollars and strong start of domestic markets also strengthened the rupee. The rupee rose by 65 paise to 86.13 per dollar in early trade on Tuesday. The rupee lost 23 paise to a five -month low at 86.78 on Monday.
According to the stock market data, foreign institutional investors (FIIs) were selling on Monday and purely sold shares worth Rs 1,874.38 crore. At the same time, domestic institutional investors (DIIs) bought shares worth Rs 5,591.77 crore.