Share Market Update: Between strong global signals, information technology (IT) and petroleum shares and softening of crude oil prices returned to local stock markets on Monday. The standard index Sensex recorded about 678 points and the Nifty gained 228 points. Among the companies in the Group of Sensex, UltraTech Cement, Tech Mahindra, HCL Tech, Tata Consultancy Services, the Internal (East Zomato), Asian Paints, Tata Steel and Kotak Mahindra Bank closed with an edge. On Friday, the Sensex fell 573.38 points to 811118.60 points and the Nifty fell 169.60 points to close at 24718.60 points.
BSE’s 30 -share index Sensex jumped 677.55 points, or 0.84 percent to close at 81,796.15 points. At one time during trading, it rose 747.22 points to 81,865.82 points. The 50 -share index Nifty of the National Stock Exchange (NSE) climbed 227.90 points, or 0.92 percent to close at 24,946.50 points.
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With this, the stock markets returned to a boom after a gap of two days. The Sensex fell 1,396.54 points and the Nifty 422.8 points in the last two sessions due to the Iran-Israel struggle. Among the companies in the Group of Sensex, UltraTech Cement, Tech Mahindra, HCL Tech, Tata Consultancy Services, the Internal (East Zomato), Asian Paints, Tata Steel and Kotak Mahindra Bank closed with an edge. On the other hand, shares of Tata Motors, Adani Ports and Sun Pharma declined.
Other markets in Asia, South Korea’s Korea, Nikki of Japan, Shanghai Composite of China and Hong Seng of Hong Kong closed in positive scope. European markets were trading with an edge. The US markets closed down on Friday. Global oil standard brent crude fell 0.81 percent to $ 73.63 per barrel.
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Meanwhile, in May, the wholesale inflation has come down to 0.39 percent, which is the lowest level of 14 months. Wholesale inflation has decreased in May due to softness in foods and fuel prices. Sunder Kewat, a technical and derivative analyst at the Ashika Institutional Equity, said, “Indian markets showed combative despite increasing global uncertainty amidst increasing tension in West Asia.”
According to the stock market data, foreign institutional investors (FIIs) on Friday made net selling of shares worth Rs 1,263.52 crore. On Friday, the Sensex fell 573.38 points to 81,118.60 points and the Nifty fell 169.60 points to close at 24,718.60 points. (Language)
Edited by: Chetan Gour
