Share market update news: The local stock market rose for the second consecutive day on Wednesday and the BSE Sensex gained 144 points. The Sensex closed at 81,481.86 points with a gain of 143.91 points, or 0.18 percent. NSE Nifty closed at 24,855.05 points with a gain of 33.95 points, or 0.14 percent. The Sensex rose 446.93 points on Tuesday while NSE Nifty was in profit of 140.20 points. Major buying in the stock of Lursen and Toubro mainly led to the market.
The BSE Sensex based on thirty stocks closed at 81,481.86 points with a gain of 143.91 points, or 0.18 percent. During the trading, at one time it climbed to 281.01 points. The 50 -share NSE Nifty closed at 24,855.05 points with a gain of 33.95 points, or 0.14 percent.
Analysts said uncertainty over the US trade agreement and the capital withdrawal of foreign institutional investors curbed the market boom. Larsen and Toubro rose by 4.87 percent among the companies involved in the Sensex. The reason for this is a good increase in the net profit of the major company of the infrastructure sector.
Also Read: Share Bazaar boom, Sensex 540 points jumped, Nifty also crossed 25200
The company’s integrated net profit increased by 29.8 percent to Rs 3,617.19 crore due to an increase in order from the foreign market in the June quarter. Apart from this, shares of Sun Pharma, NTPC, Maruti, Bharti Airtel, Trent and Axis Bank were also in profit. On the other hand, the disadvantage shares include Tata Motors, Power Grid, Internal (East Jomato), Bajaj Finserv and Hindustan Unilever.
According to the stock market data, foreign institutional investors (FIIs) sold shares worth Rs 4,636.60 crore on Tuesday. US President Donald Trump has said that the trade agreement with India has not been finalized yet. He also said that India levies more fees than in almost any other country.
Also Read: Share Bazaar fast in fourth consecutive day, Sensex crosses 84 thousand, Nifty also made a blast
While returning to Washington from Scotland on Tuesday, when asked in Air Force One on whether the agreement with India was finalized, Trump said, no, has not yet been finalized. He said on the question related to the news of India preparing to face high American fees between 20 and 25 percent of India.
Railwayor Broking Ltd. Senior Vice President Ajit Mishra said, the market closed with a slight increase in a limited range amid mixed signals. After a stable start, the Nifty remained in a limited range throughout the session and finally closed at 24,855.05 points.
Also Read: Share Bazaar has a boom, Sensex 452 points, NIFTY also declined
He said, “The latest statements of the US President about the possible fee on India and the delay in finalizing the agreement before the August 1 deadline have created uncertainty about the trade agreement. Due to this, the perception was weak. Japan’s Nikki and Hong Kong’s Hangseng in the Asian markets closed down, while South Korea’s COSPI and China’s Shanghai Composite remained in profit.
There was a mixed trend in European markets. The US markets closed down on Tuesday. Global oil standard brent crude fell 0.44 percent to $ 72.19 per barrel. The Sensex rose 446.93 points on Tuesday while NSE Nifty was in profit of 140.20 points. (Language)
Edited by: Chetan Gour
