Share Market: After the fall, greenery returned to the stock market, Sensex closed with a gain of 787 points; These stocks are in bullish trend

Share Market Highlights: The Indian stock market closed in the green in Monday’s trading session. At the end of the day, Sensex was at 74,106.85 with a gain of 787.30 points or 1.07 percent and Nifty was at 22,968.25 with a gain of 255.15 points or 1.12 percent. Most of the market indices closed in the green. Nifty Consumer Durables (2.60 percent), Nifty Financial Services (2.34 percent) were trading with gains. Nifty closed with gains from PSU Bank (2.33 per cent), Nifty Realty (2.23 per cent), Nifty Private Bank (2.16 per cent) and Nifty Services (1.66 per cent).

Only Nifty Oil & Gas (1.37 percent) and Nifty Media (0.22 percent) closed with weakness. Along with largecaps, midcaps and smallcaps also saw a rise. The Nifty Midcap 100 index was at 54,492.65, up 815.60 points or 1.52 per cent, and the Nifty Smallcap 100 index was at 15,853.05, up 202.55 points or 1.29 per cent.

Today’s Top Gainers and Losers

Trent, Axis Bank, Titan, L&T, UltraTech Cement, Bajaj Finance, Indigo, HDFC Bank, Bajaj Finserv, Power Grid, NTPC, BEL, SBI, ICICI Bank, Tata Steel, TCS and HUL were the gainers in the Sensex pack. Reliance Industries, HCL Tech and Sun Pharma were the losers. The rise in the market is being attributed to the rise in rupee and possibility of reduction in tension between Iran and America.

Rupee strengthens against dollar

Jatin Trivedi of LKP Securities said recent steps taken by RBI to curb speculation and improve dollar supply helped the rupee strengthen by 30 paise and remain near 93.00. He further said that this recovery has also been supported by the improvement in risk sentiment on expectations of reducing US-Iran tension.

However, the level of uncertainty still remains high. Despite the surge, pressure from crude oil prices and global uncertainty remains. In the near term for USDINR, support is seen at the 92.45 level, while resistance lies around 93.75-94.00.

Also read: Middle East war and fear of Trump! Outcry in the share market, will the market fall further? Know the opinion of experts

FIIs move in domestic market

in domestic stock market foreign institutional investors (FIIs) sold for the 23rd consecutive day and withdrew Rs 8973 crore. At the same time, domestic institutional investors (DIIs) continued buying on the 25th day and put a total of Rs 7200 crore in the market. This trend will be important for the market.