The announcement of GST tax reforms outfit in Share Bazaar, Sensex 676 points, NIFTY also increased
Share market update news: The stock markets were boom on Monday due to the tremendous buying in the shares of vehicles and sustainable consumer companies, excited by the GST by GST till Diwali. The Sensex closed down by 676 points and the Nifty 246 points. According to the stock market data, foreign institutional investors (FIIs) on Thursday made a net selling of shares worth Rs 1,926.76 crore. The Sensex rose by 57.75 points to 80,597.66 on Thursday and the Nifty closed at 24,631.30 at a point of 11.95. The stock markets were closed on the occasion of Independence Day on Friday.
The BSE’s 30 -share standard index Sensex rose 676.09 points, or 0.84 percent, closed at 81,273.75 points. At one time during trading, it rose 1,168.11 points to 81,765.77 points. The National Stock Exchange (NSE )’s 50 share index Nifty also climbed 245.65 points, or one percent to close at 24,876.95 points. During the trading, it gained 390.7 points to 25,022.
Also Read: FII’s return out in Share Bazaar, Sensex 746 points, NIFTY also gained momentum
Analysts said that the increase in India’s credibility by the global rating agency S&P also strengthened investor perception. Maruti’s stock was the highest in the Sensex companies at 8.94 percent. Shares of Bajaj Finance, UltraTech Cement, Bajaj Finserv, Mahindra & Mahindra, Hindustan Unilever and Trent also closed up. However, the shares of ITC, Internal, Tech Mahindra and Larsen & Toubro were declined.
There was a huge increase in the shares of the vehicle segment and it jumped up to 4.26 percent. Hyundai Motor India shares rose 8.45 percent. The Center has also proposed a special rate of 40 percent on a select items with five percent and a two-tier GST structure of 18 percent and a two-tier GST structure of 18 per cent on selected items. According to sources, this proposal will be discussed in a two -day meeting of the ministers on August 20 and 21 in the national capital.
Also Read: Share Bazaar boom, Sensex 540 points jumped, Nifty also crossed 25200
In other markets in Asia, Nikki of Japan and Shanghai Composite of China closed in a positive realm, while South Korea’s Kospi and Hong Kong’s hangs closed down. The European markets were trading in the afternoon session with a decline. The US markets closed down on Friday.
Global oil standard brent crude rose 0.62 percent to $ 66.25 per barrel.
According to the stock market data, foreign institutional investors (FIIs) on Thursday made a net selling of shares worth Rs 1,926.76 crore. The Sensex rose by 57.75 points to 80,597.66 on Thursday and the Nifty closed at 24,631.30 at a point of 11.95. The stock markets were closed on the occasion of Independence Day on Friday. (Language)
Edited by: Chetan Gour
