Stock market again roared! The Sensex rises 746 points, 222 points rose in Nifty, due to which the market returned in the market
First trading day of week Today the stock market returned to a great boom. The BSE Sensex climbed 746.29 points to close at 80,604.08 points. At the same time, NSE Nifty rose by 221.75 points. The Nifty closed at 24,585 points. The Indian stock market was declining last week. The 30 -share Sensex of BSE was 742.12 points and the National Stock Exchange’s Nifty was 202.05 points. Today there was many reasons behind the return of the market. About two weeks later, the purchase of foreign investors and rapidly in American markets. The strength in Asian markets also corrected the mood of investors, which returned the purchase.
Today, the shares of State Bank of India, Trent, NTPC, Tata Motors, UltraTech Cement and Kotak Mahindra Bank in the Sensex companies were significantly boom. On the other hand, shares of ICICI Bank, Maruti and Airtel declined. According to the stock market data, foreign institutional investors (FIIs) on Friday bought shares worth Rs 1,932.81 crore. Global oil standard brent crude fell 0.45 percent to trade at $ 66.29 per barrel.
The market returns on the strength of these sectors
According to Vaibhav Vidwani, a research analyst at Bonanza Portfolio, today there was a strong recovery in the Indian stock markets. This fast in the market came mainly due to a strong gain in public sector banks, autos and realty stocks. After the strong Q1 results of the State Bank of India (SBI), PSU banking shares created an atmosphere of boom. The legendary stocks of the auto sector including Tata Motors also recorded a good lead, which further strengthened the rally. Mutual funds continue to flow continuing to flow, in July, equity inflow and SIP collections have reached record levels, reflecting the trust of retail investors. The main reasons behind today’s positive closure were: strong results of domestic companies (especially SBI), new investment from domestic mutual funds, and positive signs from global market. Further market direction will depend on global developments (such as the US inflation figures and geopolitical conditions), the quarterly results of companies and the trend of foreign investment.
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