Share Market Update: The ongoing decline in the stock market from the last 3 trading sessions came to a halt on Wednesday and the BSE Sensex rose 410 points. At the same time, the National Stock Exchange’s Nifty was in profit of 130 points. Between HDFC Bank and ICICI Bank, the market rose in the market amidst strong trend in other markets in Asia. Sensex companies were prominently profitable among Bajaj Finserv, Tata Steel, Sun Pharma, Tech Mahindra, Bajaj Finance, NTPC, Nestle, Tata Motors, Hindustan Unilever and Mahindra & Mahindra. The Sensex had broken 872.98 points on Tuesday while the Nifty fell by 261.55 points.
BSE Sensex based on thirty stocks climbed 410.19 points, or 0.51 percent to close at 81,596.63 points. At one time it climbed to 835.2 points during trading. The National Stock Exchange’s Nifty also closed at 24,813.45 points with a gain of 129.55 points, or 0.52 percent.
Also Read: Stormy boom in Share Bazaar, Sensex 1200 points jumped, Nifty also crosses 25 thousand
Sensex companies were prominently profitable among Bajaj Finserv, Tata Steel, Sun Pharma, Tech Mahindra, Bajaj Finance, NTPC, Nestle, Tata Motors, Hindustan Unilever and Mahindra & Mahindra. On the other hand, losses in loss include IndusInd Bank, Kotak Mahindra Bank, Power Grid and ITC.
Moody’s Ratings, a credibility agency, said in a statement on Wednesday that India is in good position to deal with the negative impacts of US fee and global trade disruption. The reason for this is the speed of domestic growth and low dependence on exports, giving support to the economy.
The agency said in its report on India that the government initiative to promote private consumption, expand manufacturing capacity and increase spending on infrastructure would help in compensating for the weakening scenario of global demand. Among the Asian markets, South Korea’s Cappey, China Shanghai Composite and Hong Kong’s Hangseng were in the lead, while Japan’s Nikki was in disadvantage. The major markets of Europe had a decline trend. The American markets were in disadvantage on Tuesday.
Also Read: Stormy boom in Share Bazaar after ceasefire, big bounce in sensex, Nifty also jumped
Jiojit Investments Ltd. The research head Vinod Nair said, the market today showed a wide positive attitude. However, overall perception remained in a limited range. This indicates that there is a risk of strategy of selling on the fast in the near future amid increasing uncertainty over Indo-US trade talks.
Global oil standard brent crude rose 1.19 percent to $ 66.16 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 10,016.10 crore on Tuesday. The Sensex had broken 872.98 points on Tuesday while the Nifty fell by 261.55 points. (Language)
Edited by: Chetan Gour
