On Monday, the local stock market index Sensex gained 295 points and the Nifty recorded a rise of 114 points and the Nifty recorded 114 points in the continuation of foreign funds and a sharp decline in international prices of crude oil. BSE’s 30 -share standard index Sensex rose 294.85 points, or 0.37 percent to close at 80,796.84 points. At one time during trading, the Sensex rose 547.04 points to 81,049.03 points. The BSE Sensex rose 259.75 points to 80,501.99 points on Friday and NSE Nifty closed at 24,346.70 with 12.50 with a slight increase of 12.50.
The National Stock Exchange (NSE) standard index Nifty also rose 114.45 points, or 0.47 percent to 24,461.15 points. Among the Sensex companies, Adani Ports shares saw the highest growth of 6.29 percent. This speed came amid reports of the representatives of Gautam Adani from US administration officials to demand dismissal of criminal allegations in an investigation into bribery. The shares of all other listed companies of Adani Group also closed with an increase.
These companies were also in profit
Sensex companies also benefited Bajaj Finserv, Mahindra & Mahindra, Internal (East Zomato), Power Grid, ITC, Tata Motors, Asian Paints and Hindustan Unilever. On the other hand, Kotak Mahindra Bank recorded a major decline of 4.57 percent. This private sector bank has fallen by 7.57 percent integrated net profit in the March quarter of FY 2024-25.
Apart from this, shares of State Bank of India, Axis Bank, Titan and IndusInd Bank also closed down. According to the stock market data, foreign institutional investors (FIIs) on Friday made net purchases of shares worth Rs 2,769.81 crore.
Between favorable global signals and strong domestic basic figures, foreign investors have pure Rs 4,223 crore in the Indian stock market in April and have become pure buying for the first time after three months. Earlier this year, a continuous net withdrawal of Rs 3,973 crore, Rs 34,574 crore in February and Rs 78,027 crore in January was seen to be pure withdrawal.
Vinod Nair, head of research of Jiojit Investment Limited, said the market has maintained its positive speed, although optimism has reduced slightly. Constant foreign flows and record GST collection in April reflects strength in economic activities, which creates mild expectations. The decline in weak dollars and crude oil prices has also strengthened the notion of FIIs.
Meanwhile, the markets in South Korea, Japan, China and Hong Kong remained closed due to holidays. Europe’s markets were trading with mixed trends in the afternoon session. The American markets closed very fast on Friday. Global oil standard Brent crude fell 1.45 percent to $ 60.40 per barrel. Language edited by: Sudhir Sharma
