Share Bazaar: Stock market huge growth in early trade, Sensex 79,000 levels crossing the Nifty 24,000
Share Bazaar News: HDFC Bank, after the announcement of profits of ICICI Bank, saw a bounce between the stock market’s major index Sensex and Nifty in early trade on Monday due to the purchase in the stock market and continuous flow of foreign funds. The BSE’s 30 -share major Sensex rose 599.66 points to 79,152.86 in early trade. NSE Nifty rose to 24,004.20, climbing 152.55 points.Also Read: Revenge of foreign investors, FPI puts 8500 crores in the stock market
Shares of these major companies fluctuate: The companies included in the Sensex were Tech Mahindra, Axis Bank, HDFC Bank, Infosys, State Bank of India and IndusInd Bank benefits. Shares of Adani Ports, ITC, Bharti Airtel, Titan, Hindustan Unilever and Sun Pharma were in deficit. HDFC Bank’s stock rose by more than 1 percent, as the company informed that its integrated net profit in the January-March quarter had increased by 7 percent to Rs 18,835 crore. However, the bank raised pricing issues in the housing and corporate debt segment, affecting its debt growth. ICICI Bank’s stock also rose by nearly 1 percent, as the company had announced the quarter results that its integrated net profit in the March quarter had increased by 15.7 percent to Rs 13,502 crore.ALSO READ: After 2 days of rise in the stock market, what is the condition of the Sensex?
In Asian and American markets: China’s Shanghai SSE Composite was in profit in Asian markets, while Nikki of Japan was 225, South Korea’s Cappey was in disadvantage. The American markets were closed with a negative attitude on Thursday. The stock markets were closed due to ‘Good Friday’ on Friday.
Brent Crude (Brent Crude) $ 66.93 per barrel and FII on Thursday: International standard Brent crude fell 1.52 percent to $ 66.93 per barrel. According to the stock market data, foreign institutional investors (FIIs) were living on Thursday and purely bought shares worth Rs 4,667.94 crore. The BSE Sensex rose 1,508.91 points to close at 78,553.20 on Thursday. NSE Nifty rose 414.45 points to 23,851.65 points. (Language)
Rupee rose by 33 paise to 85.05 against US dollar in early trade: The rupee rose by 33 paise to 85.05 per dollar on Monday due to Trump’s import duty on various countries at various countries. Forex traders said that positive stance in domestic stock markets and foreign capital flows strengthened the notion of investors.Also Read: Share Bazaar: Mumbai stock market, Sensex 1431 and NIFTY 460 points jumped from relief on Trump Tariff
Encouragement improvement in domestic indicators: Traders said that due to encouraging improvement in domestic indicators and changes in global conditions, there has been a significant increase in Indian rupee in the last few business sessions, making the rupee strong while there is an atmosphere of uncertainty in major global economies. The rupee opened at 85.15 per dollar in the Interbank Forex Exchange Market and reached 85.05 against the dollar in early trade, showing a gain of 33 paise in the previous closed price. The rupee strengthened 26 paise against the US dollar on Thursday at 85.38. The foreign exchange market was closed due to ‘Good Friday’ on Friday.
Meanwhile, the dollar index, depicting the US dollar status against 6 major currencies, fell 0.92 percent to 98.31. International standard Brent crude fell 1.47 percent to $ 66.96 per barrel. The 30 -share BSE Sensex rose by 482.87 points to 79,036.07 in the domestic stock market, while NSE Nifty rose 146.85 points to 23,998.50. According to stock market data, foreign institutional investors (FIIs) on Thursday bought shares worth Rs 4,667.94 crore on a net basis. (Language)
Edited by: Ravindra
