Share Bazaar News: The local stock market rose on Wednesday and the BSE Sensex rose 123 points. The domestic market was strengthened amidst hope for trade talks between the US and China and the capital flow of foreign institutional investors. The BSE Sensex based on 30 shares closed at 82,515.14 points with a gain of 123.42 points, or 0.15 percent.
At one time it climbed to 391.79 points during trading. The NSE NIFTY, a 50 -share NSE NIFTY, also rose 6 days and closed at 25,141.40 points with a gain of 37.15 points, or 0.15 percent. The Nifty has gained 598 points or 2.42 percent in 6 business sessions.Also Read: Share Bazaar has a boom in the fourth consecutive day, bank shares gained 256 points, Nifty also got stronger
Shares of these major companies fluctuate: The shares included in the Sensex were prominently profitable HCL Tech, Infosys, Tech Mahindra, Reliance Industries, Bajaj Finserv, ICICI Bank, Tata Motors and the Internal (East Zomato). On the other hand, the damage shares include Power Grid, Adani Ports, IndusInd Bank, Nestle, HDFC Bank and Hindustan Unilever.Also Read: Sensex 444 points due to purchases in shares, 131 points in Nifty also gained 131 points
Vehicle and IT sector remains emphasis: Vinod Nair, head of research of Jiojit Investment Limited, said that due to high evaluation in the domestic market, small and medium companies are going on profit booking. However, due to the preference to companies with stable income landscape by institutional investors, indices associated with big companies are getting support. He said that there is emphasis on vehicle and IT sector. The improvement in monthly sales in vehicle stocks is accelerating while IT shares are benefiting from expectation regarding a possible US-China trade agreement.Also Read: Stock market declines in early trade, Sensex 200 and Nifty 61 points slipped
In Asian and American markets: Among the Asian markets, South Korea’s Cappey, Japan’s Nikki, China’s Shanghai Composite and Hong Kong’s Hangseng were in the lead. There was a boom in the afternoon trading in Europe’s markets. The American markets closed on Tuesday.
Foreign Institutional Investors (FII) bought shares worth Rs 2,301.87 crore on Tuesday: According to the stock market data, foreign institutional investors (FII) on Tuesday bought shares worth Rs 2,301.87 crore. Global Oil Standard Brent crude rose 0.43 percent to $ 67.16 per barrel. (Language)
Edited by: Ravindra Gupta
