The strong impact of the ceasefire between Israel and Iran was seen on the domestic stock market on Wednesday. The BSE Sensex closed at 82,755.51 with a strong gain of 700.4 points, while NSE Nifty jumped 200.4 points to a level of 25,244.75. In today’s trade, about 2711 shares rose, 1163 shares declined and 127 shares saw no change. For the past one week, there was a trend of lethargy in the market.
The sharp movement in these stocks
Titan Company, Infosys, M&M, Grasim Industries, JSW Steel were the biggest benefits on the Nifty, while India Electronics, Kotak Mahindra Bank, Eicher Motors, Axis Bank, ONGC shares were seen to fall. Similarly, all the sectoral index closed at green mark with a gain of 1-2 percent in auto, consumer durables, IT, telecom, healthcare, media. The BSE midcap index rose by 0.6 percent and the smallcap index by 1.6 percent.
The companies involved in the Sensex were prominently profitable Titan, Mahindra & Mahindra, Infosys, Power Grid, Tata Consultancy Services and Bharti Airtel. On the other hand, India Electronics, Kotak Mahindra Bank and Axis Bank lagged behind.
What do experts say
According to PTI news, Vinod Nair, Head of Research of Geojit Investments Limited, said that in the Middle East, land-political tension decreased and crude oil prices have improved Indian stock markets. Despite the FII (foreign institutional investor) continue to withdraw capital, positive global signals are helping to maintain domestic market speed. At the domestic level, the softening of favorable monsoon forecasts and inflation is further strengthening optimism.
Asian Market and Crude Oil
In Asian markets, South Korea’s Kospi today, Japan’s Nikkei 225 index, Shanghai’s SSE Composite Index and Hong Kong’s Hong Seng closed. European markets were mixed with a mixed trend in the middle session business. The American markets closed with great gains on Tuesday. On the other hand, global oil benchmark brant crude rose 1.21 percent to $ 67.95 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 5,266.01 crore on Tuesday. Domestic institutional investors (DIIs) bought shares worth Rs 5,209.60 crore.
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