Mumbai, 5 March. The domestic stock market returned on Thursday in line with the rise in the global stock markets after a continuous decline amid the ongoing deep crisis in West Asia. In this sequence, both the benchmark indices, which had seen a huge fall a day earlier, closed with good gains. While BSE Sensex rose by 900 points and crossed 80,000, NSE Nifty rose by 285 points and stood above the level of 24700.
Sensex closed at 80,015.90 with a gain of 899.71 points.
The Sensex, a sensitive index based on 30 shares of Bombay Stock Exchange (BSE), stopped its continuous decline for four consecutive trading sessions and closed at 80,015.90 points with a gain of 899.71 points or 1.14 percent. During trading, at one point it had climbed up to 1,187.64 points. Among Sensex related companies, shares of 19 remained in the green while 11 registered a decline.
Nifty rose 285.40 points and closed at 24,765.90.
On the other hand, the National Stock Exchange (NSE) standard index Nifty based on 50 shares closed at 24,765.90, rising 285.40 points or 1.17 percent. At one point during the day’s trading, the index had risen 373.70 points to reach 24,854.20. With this, the trend of decline in the index that had been going on for three consecutive trading sessions came to an end.
Among Nifty related companies, 38 stocks strengthened and 12 weakened. The BSE Smallcap Select index linked to smaller companies rose 1.74 per cent, while the Midcap Select index linked to medium companies gained 1.36 per cent.
Investors earned Rs 5.80 lakh crore
The total market capitalization of companies listed on BSE increased to Rs 452.98 lakh crore in one session, which was Rs 447.18 lakh crore on the previous trading day. In this way, the market cap of companies listed in BSE increased by about Rs 5.80 lakh crore. In other words, the wealth of investors increased by about Rs 5.80 lakh crore.
Adani Ports shares rose the most by 4.51 percent
Among the stocks included in the Sensex group, Adani Ports shares rose the most by 4.51 percent. Larsen & Toubro, NTPC, Reliance Industries, Bharat Electronics and InterGlobe Aviation were also major gainers. The loss making stocks include Tech Mahindra, HCL Tech, Hindustan Unilever and ICICI Bank.
FIIs sold shares worth Rs 8,752.65 crore
According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 8,752.65 crore on Wednesday while domestic institutional investors (DIIs) bought shares worth Rs 12,068.17 crore. Meanwhile, global oil standard Brent crude rose 1.84 percent to US $ 82.90 per barrel.
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