Share Bazaar: Sensex 371 points due to the notion of improvement in GST, Nifty also close to 25000 marks
Share Bazaar News: The local stock market rose in the fourth consecutive trading session on Tuesday. BSE Sense was in profit with 371 points, while NSE NIFTY reached close to 25,000 points with an increase in Reliance Industries and Tata Motors with an increase in Tata Motors. The 30 -share BSE Sensex rose 370.64 points, or 0.46 percent to close at 81,644.39. At one time it climbed to 482.13 points during trading.
The 50 -share NSE Nifty rose 103.70 points or 0.42 percent to reach 24,980.65 points. According to analysts, the perception in the market remained stronger due to the plan of major reforms in the Goods and Services Tax (GST) system till Diwali.ALSO READ: Reliance deposited 2.10 lakh crores in government treasury, 5 times the shareholders
Shares of these major companies fluctuate: Among the companies included in the Sensex, Tata Motors was the highest in profit of 3.5 percent while Adani Ports increased by 3.16 percent. Reliance Industries climbed 2.82 percent. Apart from this, Internal, Tech Mahindra, Kotak Mahindra Bank, Hindustan Unilever and Maruti were also in profit. The shares on the other hand include Bajaj Finserv, Power Grid, Mahindra & Mahindra and HCL Tech.Also Read: Share Bazaar: Sensex 447 and NIFTY 140 points up due to decline of three days
Market boom by rationalizing GST: Vinod Nair, head of research of Jiojit Investments, said that the market continued to boom due to rationalization of GST and recently improvement in India’s credibility. The signs of reduced tension between Russia and Ukraine have also strengthened perception. The approach to the near future is turning towards a creative trend.
In Asian and American markets: In the Asian markets, South Korea’s Cappey, Japan’s Nikki, China’s Shanghai Composite and Hong Kong’s Hangseng closed down. There was a rapid trend in the afternoon business in the major markets of Europe. The US markets closed with a steady trend on Monday.Also Read: Share Market Today: Sensex and NIFTY closed with stable stance in the stock market in ups and downs
Brent Crude at $ 65.98 per barrel and FII was a buyer on Monday: Global oil standard Brent crude fell 0.93 percent to $ 65.98 per barrel. According to the stock market data, foreign institutional investors (FIIs) on Monday bought shares worth Rs 550.85 crore. The Sensex rose 676.09 points on Monday while the Nifty was up 245.65 points. (Language)
Edited by: Ravindra Gupta
