Share Bazaar News: The ongoing decline in the local stock market from the last 3 trading sessions came to an end on Wednesday and BSE Sensex was in profit of 261 points while NSE Nifty rose by 78 points. The market supported the market by buying in major shares like Reliance Industries and HDFC Bank. The BSE Sensex based on 30 shares closed at 80,998.25 points with 260.74 points, or 0.32 percent, at 80,998.25 points. At one time it climbed to 349.78 points during trading. The National Stock Exchange Nifty also closed at 24,620.20 points with a gain of 77.70 points, or 0.32 percent.ALSO READ: Skoda Tubes share listed at its issue of Rs 140, later climbed 5 percent
Shares of these major companies fluctuate: Among the Sensex companies, the Internal (earlier Zomato) was in a profit of 3.32 percent. Apart from this, shares of Bharti Airtel, IndusInd Bank, Tech Mahindra, Reliance Industries, Tata Motors, HDFC Bank, Tata Steel and Hindustan Unilever also closed up. On the other hand, the shares of Bajaj Finserv, Axis Bank, Tata Consultancy Services, Titan and Larsen & Toubro were in disadvantage.Also Read: Stock market declines in early trade, Sensex 200 and Nifty 61 points slipped
Jiojit Investment Ltd. Research head Vinod Nair Said that the domestic market traded in a limited range with a mild positive attitude. The market received support for favorable global signals such as strong employment figures in the US and reducing US-China trade tension. Nair said that the shares of medium and small companies are better. The reason for this is better income growth and softening in evaluation. Investors are now watching the meeting of the RBI Monetary Policy Committee, which started today. It is expected to cut interest rate and explanation on future growth and inflation forecast.ALSO READ: Stock market rises after a huge fall of last season, Sensex rises more than 800 points, NIFTY also gains
In Asian and American markets: The Asian markets led to a sharp jump in South Korea. Japan’s Nikki, China’s Shanghai Composite and Hong Kong’s Hangseng also closed with an edge. There was a boom in the afternoon trading in European markets. On Tuesday, the US markets were closed in a positive scope.Also Read: Share Market Today: After becoming India’s fourth largest economy
FII was sold on Tuesday and Brent Crude at $ 65.92 per barrel: According to the stock market data, foreign institutional investors (FIIs) sold shares worth Rs 2,853.83 crore on Tuesday. Global oil standard Brent crude rose 0.38 percent to $ 65.92 per barrel. The BSE Sensex had broken 636.24 points on Tuesday while NSE Nifty fell by 174.10 points. (Language)
Edited by: Ravindra Gupta
