Share Bazaar increases for fourth consecutive day, Sensex crosses 84 thousand, Nifty also rocked

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Share Market Update: Local stock markets closed in a fourth consecutive trading session on Friday due to increasing flow of foreign capital and purchasing between ICICI Bank and Reliance Industries. The Sensex climbed 303.03 points, or 0.36 percent to close at 84,058.90 points above the 84,000 level. The Nifty also rose 88.80 points or 0.35 percent to 25,637.80 points. The Sensex rose 1,000.36 points on Thursday to close at 83,755.87 points and Nifty closed 304.25 points to close at 25,549 points.

The Sensex rose 303 points while the Nifty rose by 89 points. According to analysts, investors also increased due to the strengthening of the rupee against the US dollar and the softening of crude oil prices in the international markets.

Also Read: Share Bazaar for the third consecutive day, Sensex 1000 points jumped, Nifty also strengthened 304 points

The BSE’s 30 -share standard index Sensex climbed 303.03 points, or 0.36 percent to close at 84,058.90 points above the level of 84,000. During the trading, the Sensex rose 333.48 points to 84,089.35 at one time.

The National Stock Exchange (NSE) standard index Nifty also rose 88.80 points or 0.35 percent to 25,637.80 points. Among the companies in the Group of Sensex, Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Hindustan Unilever, Bharat Electronics and Sun Pharma were prominently rapid.

Also Read: Share Bazaar caught speed, Sensex rises 700 points, Nifty also gained momentum

On the other hand, the shares of Trent, Internal, Axis Bank and Titan closed down with a decline. According to the stock market data, foreign institutional investors (FIIs) on Thursday made net purchases of shares worth Rs 12,594.38 crore.

Vinod Nair, the research head of the Jiojit Investment Limited, said, “Expectation of trading tension before the ceasefire and deadline in West Asia has removed the confusion of investors.” FIIs have now become pure buyers after selling for several consecutive days, which has improved market stability in the near future.

Nair said that the softening of crude oil prices and the strength in the rupee against the dollar have also affected investors to focus on domestic growth. In other markets in Asia, Japan’s Nikki index climbed up, while South Korea’s COSPE, China’s Shanghai Composite and Hong Kong’s Hangseng remained in disadvantage.

Also read: Share Bazaar declines, Sensex 1046 points jumped, nifty then crossed 25 thousand

There was a rapid trend in the afternoon business in the major markets of Europe. The American market was under positive scope on Thursday. Meanwhile, a Bulletin of the Reserve Bank has suggested to all banks that they make full advantage of the cuts made in policy repo rate to make efforts to reach the customers taking loans soon.

Global oil standard brent crude rose 0.72 percent to $ 68.20 per barrel. The Sensex rose 1,000.36 points on Thursday to close at 83,755.87 points and Nifty closed 304.25 points to close at 25,549 points. (Language)
Edited by: Chetan Gour

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