Share Bazaar News: The local stock market came to a halt over the ongoing decline for the last 4 days on Tuesday and the BSE Sensex rose 317 points, while the NSE Nifty gained 113 points. With the arrival of retail inflation at a 6 -year low of 6 years, buying in vehicles and drug shares rose in the market.
The BSE Sensex based on 30 shares closed at 82,570.91 points with 317.45 points, or 0.39 percent. At one time it climbed to 490.16 points during trading. The 50 -share National Stock Exchange’s Nifty closed at 25,195.80 points with a gain of 113.50 points, or 0.45 percent. Earlier in the last 4 trading sessions, the Sensex was 1,459.05 points i.e. 1.74 percent and the Nifty 440 points, or 1.72 percent.Also Read: Share Bazaar: Stock market boom, Sensex 270 and Nifty 61 points closed with gains, these stocks shine
Shares of these major companies fluctuate: The companies included in the Sensex were prominently profitable among Sun Pharma, Trent, Tata Motors, Bajaj Finserv, Mahindra and Mahindra and Bajaj Finance. IT service company HCL Tech, on the other hand, was in loss of 3.31 percent. The reason for this is a decline of 9.7 percent in the company’s integrated net profit in the June quarter. Apart from this, shares of the Internal (East Jomato), Tata Steel, Kotak Mahindra Bank and Axis Bank also came down.
Retail inflation at 6 years low 2.1 percent in June: ARetail inflation came to a 6 -year low of 2.1 percent in June due to cheap food items including vegetables due to the monsoon. This is close to the satisfactory level of RBI. The consumer price index based inflation was 2.82 percent in May and 5.08 percent in June 2024. Inflation has been declining since November last year.Also Read: Share Bazaar: Stock market fluctuations in early trade, flat business in Sensex and NIFTY
Signs of improving market perception: Jiojit Investments Ltd. Research head Vinod Nair said that global and domestic developments are indicating improving market perception. Expectation on the possibility of an interim trade agreement with the US is increasing. This may lead to a decrease in risks related to fees. Nair said that with this, domestic inflation has come to a low -lying level. This has increased the expectation of further cuts in the policy rate by the RBI, which may accelerate the economic growth in the future.Also Read: Share Bazaar: India America tied up with trade agreement, early trade in stock markets gains
In Asian and American markets: Other markets in Asia stood in South Korea’s Korea, Nikki of Japan and Hong Kong’s Hangseng in the lead, while China’s Shanghai Composite closed down. There was a boom in the afternoon trading in the major markets of Europe. The US markets closed with an edge on Monday.
Brent Crude at $ 69.09 per barrel and FII is selling on Monday: Global oil standard Brent crude fell 0.17 percent to $ 69.09 per barrel. According to the stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,614.32 crore on Monday, while domestic institutional investors (DIIs) bought shares worth Rs 1,787.68 crore. The BSE Sensex was broken 247.01 points on Monday while NSE Nifty was in loss of 67.55 points. (Language)
Edited by: Ravindra Gupta
