Stock market regained momentum due to buying in banking sector, Sensex rose by 232 points, Nifty strengthened by 65 points.

Mumbai22 May. On the basis of buying in the banking sector and positive trend in the global markets, the domestic stock market regained momentum on Friday, the last day of the trading week, and both the benchmark indices closed with gains. While BSE Sensex gained 232 points, Nifty gained 65 points.

Sensex 0.31 percentage increase 75,415.35 closed on points

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 75,415.35 points, up 231.99 points or 0.31 per cent. During trading, at one time the Sensex recorded a rise of up to 627.61 points. Of the Sensex related companies, 15 shares were on the rise while only 15 showed loss.

nifty 0.27 percentage increase 23,719.30 closed on points

On the other hand, Nifty, the standard index based on 50 shares of National Stock Exchange (NSE), closed at 23,719.30 points, increasing by 64.60 points or 0.27 percent. Among Nifty related companies, 27 stocks were in profit while 23 were in decline.

Shares of Trent Limited gained the most by 3.01 percent.

Among the companies included in the Sensex group, shares of Trent Limited gained the most by 3.01 percent. Shares of Axis Bank, ICICI Bank, Asian Paints, Hindustan Unilever, HDFC Bank, Kotak Mahindra Bank and Bajaj Finance were also major gainers. On the other hand, shares of Sun Pharma, ITC Limited, Power Grid Corporation and Bharat Electronics declined.

FII has 1,891.21 Sold shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,891.21 crore in the last session. Brent crude, the international oil benchmark, rose 2.3 percent to $104.7 a barrel.