Share market update news: Local stock markets climbed on Friday as expected, record GST collection and foreign capital flow on the Indo-US trade agreement. The Sensex rose by 260 points and the Nifty was 12.50 points. According to analysts, the strong trend in global markets also supported investors’ notion. On Wednesday, the Sensex fell 46.14 points to 80,242.24 and the Nifty closed at 24,334.20 with a slight decline of 1.75 points.
BSE’s 30-share standard index Sensex rose by 259.75 points, or 0.32 percent to close at 80,501.99 in a quite ups and downs. At one time during the trading, the Sensex rose 935.69 points to 81,177.93, but later the increase was reduced considerably due to profits. The National Stock Exchange (NSE) standard index Nifty also closed at 24,346.70 with a slight increase of 12.50 points, or 0.05 percent, at the end of the trading.
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Prashant Tapse, Senior Vice President (Research), Mehta Equality Limited, said, “The first part of the market session remained highly unstable and closed in a limited range after a fluctuating of about 1,000 points due to selective purchases in banking and IT stocks. Investors started profit -booking, while the indexes representing more shares weakened and closed.
Among the Sensex companies, Adani Ports recorded a jump of more than four percent. The company’s net profit increased by 50 percent in the March quarter. Apart from this, shares of Bajaj Finance, IndusInd Bank, State Bank of India, Maruti, Tata Motors, ITC, Tata Steel and Reliance Industries were also in profit. On the other hand, shares of Nestle, NTPC, Kotak Mahindra Bank, Power Grid and Titan closed down.
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Prashant Tapse, Senior Vice President (Research) at Mehta Equality Limited, said, the market in the first part of the business jumped up to about 1,000 points and then fell in a limited range. In fact, after recent boom, investors preferred profits. Investors are not putting high bets on equity amid uncertain global environment and fee stress.
The BSE Midcap index belonging to Majholi companies fell by 0.41 percent due to selling emphasis, while the small companies linked by 0.07 percent declined by 0.07 percent. On a weekly basis, the BSE Sensex rose a total of 1,289.46 points, or 1.62 percent, while NSE Nifty gained 307.35 points, or 1.27 percent.
In April, the Goods and Services Tax (GST) collection jumped 12.6 percent to an all -time high of Rs 2.37 lakh crore on an annual basis. Meanwhile, a monthly survey on Friday stated that the increase in Indian manufacturing sector due to expansion in the order book improved in April and the fastest production increased since June 2024.
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Other markets in Asia were closed in South Korea’s Korea, Nikki of Japan 225 and Hong Kong’s Hang Seng in the positive area, while China’s Shanghai Composite Index closed down with a slight decline. Europe’s markets were trading with an edge. On Thursday, the American markets were also closed in the positive sector. Global oil standard brent crude fell 0.82 percent to $ 61.62 per barrel.
According to the stock market data, foreign institutional investors (FIIs) on Wednesday made net purchases of shares worth Rs 50.57 crore. The stock market remained closed on the occasion of ‘Maharashtra Day’ on Thursday. On Wednesday, the Sensex fell 46.14 points to 80,242.24 and the Nifty closed at 24,334.20 with a slight decline of 1.75 points. (Language)
Edited by: Chetan Gour
