Share Bazaar: Despite Indo -Pak tension, Sensex and NIFTY boom in early trade, GST collection also increased
Share Bazaar News: Domestic markets Sensex and NIFTY increased to early trade on Friday. Perfect India-US trade agreement, the record high GST collection in April and continuous flow of foreign capital strengthened the assumptions of investors. Apart from this, a strong trend in global markets also increased optimism in markets.
BSE Sensex rose 500.81 points to 80,743.05 in early trade while NSE NIFTY ran at 24,4444.85 points with 110.65 points. Later, the Sensex gained 816.41 points to trading at 81,064.47 and the Nifty rose 222.30 to 24,556.50.Also Read: Share Bazaar News: Stock market boom despite Indo Pak tension, Sensex 77 and NIFTY 23 points up
Among the 30 companies included in the Sensex, the shares of Adani Ports rose by about 5 percent. Shares of Maruti, IndusInd Bank, Axis Bank, ICICI Bank, Internal and Mahindra & Mahindra were also in profit, while Nestle, Titan, Bajaj Finserv and Hindustan Unilever shared shares.
In Asian and American markets: Shanghai SSE Composite was in loss in Asian markets, while South Korea’s Cappey, Japan’s Nikki 225 and Hong Kong’s Hangseng were benefited. The American markets closed with a positive attitude on Thursday. International standard Brent crude was at a price of $ 62.56 per barrel with a gain of 0.69 century.
FII (FII) Selling on Wednesday, GST collection increased: According to the stock market data, foreign institutional investors (FIIs) were living on Wednesday and purely bought shares worth Rs 50.57 crore, while the Goods and Services Tax (GST) collection increased by 12.6 percent on an annual basis in April to high level to about Rs 2.37 lakh crore. This reflects strong economic activities and the matching of companies in late March. Its information was given in the data released on Thursday.Also Read: Share Bazaar: Sensex 1000 points broken by Pahalgam attack, NIFTY also below 24000 levels
Rupee strengthened 77 paise to 83.77 per dollar: With the support of foreign capital flow and strong domestic data, the rupee strengthened 77 paise to 83.77 per dollar on Friday. Forex traders said that the Goods and Services Tax (GST) collection in April was the highest Rs 2.37 lakh crore, which reflects a very strong status of domestic demand. Apart from this, the positive attitude in domestic markets with foreign capital flow also promoted emotions.ALSO READ: Rupee Dollar Price: Rupees price increased by 33 paise, Rs 85.05 against US dollar
He said that though Any increase in tension between India and Pakistan may reverse the rapid profit And can put pressure on the rupee, as in the previous geopolitical episodes. The rupee opened at 83.98 against the dollar, the rupee in the Interbank Forex Exchange Market. Then reached 83.77 per dollar with an edge, which shows a growth of 77 paise in the previous closed price. The rupee closed at 84.54 against the US dollar on Wednesday.
The foreign exchange market was closed on Thursday on the occasion of ‘Maharashtra Day’. Meanwhile, the dollar index, depicting the US dollar position against 6 major currencies, fell 0.27 percent to 99.97. International standard Brent crude gained 0.55 percent to $ 62.45 per barrel.
In the domestic stock market, the BSE Sensex gained 722.82 points to 80,965.06 points, while the Nifty rose by 203.70 to 24,537.90 points. According to the stock market data, foreign institutional investors (FIIs) were living on Wednesday and purely bought shares worth Rs 50.57 crore.
At the same time In April, on an annual basis, the high level so far reached around 2.37 lakh crore rupees. This reflects strong economic activities and the matching of companies in late March. It was informed in the data released on Thursday. (Language)
Edited by: Ravindra Gupta
