Stock market closed with boom in fourth consecutive session, Sensex 303 points faster, Nifty also rises
The domestic stock market closed on Friday with the lead in the fourth season. The BSE Sensex rose 303.03 points or 0.36 percent to reach 84,000 levels and closed at 84,058.90. During the day trading, it rose 333.48 points or 0.39 percent to 84,089.35. Similarly, a 50 -share NSE Nifty rose 88.80 points or 0.35 percent to 25,637.80. The market got the support of purchasing in Blue-Chips ICICI Bank and Reliance Industries amidst foreign fund flow. Here, the global oil benchmark brant crude rose 72 percent to 68. 20 per barrel.
Top gainer and top loser stocks
The Sensex pack stood as the Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Hindustan Unilever, Bharat Electronics and Sun Pharma. Conversely, Trent, Eternal, Axis Bank and Titan lagged behind. According to exchange data, foreign institutional investors (FIIs) on Thursday 12,594. Bought shares worth Rs 38 crore. Sensex 1,000 on Thursday. 36 points or 1.1. 21 percent increased to 83,755. Nifty 304. 25 points or 1. 21 percent rose to 25,549.
The market got support from these factors
In the Middle East, major catalysts such as the ceasefire and the hope of reducing trade tension before the deadline have cleared the clouds in the minds of investors. After several consecutive days of selling, the FIIs have become pure buyers in the domestic market, which has improved the stability of the market in the near future. Vinod Nair, Head of Research Limited, Giyoned Investment Limited, stated that in addition, the prices of uninteresting oil and the strengthening rupee impressed investors to focus on domestic development topics.
How was the trend in global market
In the Asian markets, Japan’s Nikkei 225 index closed up, while South Korea’s Kospi, Shanghai’s SSE Composite Index and Hong Kong’s Hang Seng closed down. European markets were seen trading in green mark in the afternoon trading. On Thursday, the US markets were closed in a positive sector. Meanwhile, a RBI report has suggested that all banks should give the benefit of policy rate to all banks to their customers. Bulletin, an article published by the Reserve Bank in June, stressed that financial conditions remain favorable for effectively benefiting interest rate cuts.
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