Share Market Update: The decline in the local stock market for the last 3 days came to a halt on Friday and the BSE Sensex rose by 1,046 points. At the same time, NSE Nifty again crossed 25,000. The market rose on Friday due to purchases in financial, telecom and technology shares amid softening of crude oil prices in global markets. Traders said that the domestic stock markets were supported by large -scale positive trends from abroad and buying of foreign capital amid stress in West Asia. On Thursday, the Sensex was in loss of 82.79 points while the NSE Nifty fell by 18.80 points.
The BSE Sensex based on thirty stocks jumped 1,046.30 points, or 1.29 percent, closed at 82,408.17. During the business, it rose 1,132.62 points, or 1.39 percent to 82,494.49. At the same time, NSE Nifty, with 50 shares, climbed 319.15 points, or 1.29 percent to close at 25,112.40.
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Vinod Nair, the research head of the Geojit Investment Limited, said, “The stock market accelerated due to the reduction of tension in West Asia and the risk of immediate military action in West Asia.” This development improved the prices of crude oil, which benefited the domestic markets and strengthened the perception of foreign investors.
He said that shopping was seen in sensitive and consumer -based areas regarding interest rates like finance, vehicle and realty. The Sensex companies led to significant growth in Bharti Airtel, Nestle, Mahindra & Mahindra, Power Grid, Reliance Industries, NTPC, Eternal (East Jomato) and HDFC Bank. On the other hand Axis Bank and Maruti closed down with a decline.
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Other markets in Asia rose to South Korea’s Hongseng Hangseng, while Nikki of Japan and Shanghai Composite of China remained in loss. European markets were trading in the afternoon trading. Global oil standard Brent crude fell 1.93 percent to $ 77.33 per barrel.
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According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 934.62 crore on Thursday. At the same time, domestic institutional investors also buying shares worth Rs 605.97 crore. On Thursday, the Sensex was in loss of 82.79 points while the NSE Nifty fell by 18.80 points. (Language)
Edited by: Chetan Gour
