Share Market Update: Local stock markets closed on Friday with high-ups and downs in business, amidst shopping in bank shares and a boom in US markets. The Sensex rose 193 points while the Nifty gained 56 points. Among the Sensex companies, Bajaj Finance, Infosys, Hindustan Unilever, ICICI Bank, HCL Tech, UltraTech Cement, Bajaj Finserv, State Bank of India, Tata Consultancy Services, Reliance Industries, Axis Bank and Larsen and Toubro were in shares. The Sensex fell 170.22 points on Thursday to 83,239.47 points and NSE Nifty closed 48.10 points to close at 25,405.30 points.
The BSE’s 30-share standard index Sensex rose 193.42 points, or 0.23 percent, closed at 83,432.89 points at the end of the ups and down trading. During the trading, the Sensex went up to the upper of 83,477.86 points and a low of 83,015.83 points. The National Stock Exchange (NSE) standard index Nifty also rose 55.70 points, or 0.22 percent to close at 25,461 points.
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Among the Sensex companies, Bajaj Finance, Infosys, Hindustan Unilever, ICICI Bank, HCL Tech, UltraTech Cement, Bajaj Finserv, State Bank of India, Tata Consultancy Services, Reliance Industries, Axis Bank and Larsen and Toubro were in shares. On the other hand, the shares of Trent, Tata Steel, Tech Mahindra and Maruti Suzuki India declined.
Other markets in Asia led to Japan’s Nikki and China’s Shanghai Composite in the growth, while South Korea’s Hong Seng of Korea and Hong Kong closed down. European markets were trading in a negative region. The US market witnessed a rapid trend on Thursday.
Also Read: Share Bazaar for the third consecutive day, Sensex 1000 points jumped, Nifty also strengthened 304 points
Jiojit Investments Limited Research Head Vinod Nair said, “Investors are still adopting a strategy to wait with the US high fee deadline coming close. Because of this, the Indian market is experiencing stagnation.
Nair said that foreign institutional investors continue to have withdrawal from the Indian market that reflects the trend of avoiding risk while domestic institutional investors support the domestic market. According to stock market data, foreign institutional investors (FIIs) on Thursday bought shares worth Rs 1,481.19 crore while domestic institutional investors (DIIs) bought shares worth Rs 1,333.06 crore.
Also Read: Share Bazaar caught speed, Sensex rises 700 points, Nifty also gained momentum
Meanwhile, market regulator SEBI has banned the US-based Gen Street Group from securities markets. It has directed the group to refund illegal income of Rs 4,843 crore on charges of rigging the share indices through deals made in the derivative section.
Global oil standard Brent crude fell 1.03 percent to $ 68.03 per barrel. The BSE Sensex fell 170.22 points on Thursday to 83,239.47 points and NSE Nifty closed 48.10 points to close at 25,405.30 points. (Language)
Edited by: Chetan Gour
