Share Market Update: Sensex rose by 250 points, Nifty also rose by 50 points, maximum buying in IT shares…

Business Desk – Share Market Update: On May 29, Sensex is trading at 76,100, with an increase of 250 points (0.30%). Nifty also saw a rise of 50 points (0.20%), and it reached the level of 23,960. In today’s trading session, maximum buying is being seen in IT shares.

In global equity markets, positive trends were seen in both Asian and American sectors during the recent trading session. Due to strong buying in Asian markets, major indices registered good gains, while US markets witnessed mild but steady gains.

On the contrary, Indian markets faced selling pressure from foreign investors, resulting in a mixed environment across the market. In Asian markets, Kospi (South Korea) index closed at 8,382, registering a gain of 181 points, registering a rise of 1.94 per cent.

Japan’s Nikkei index reached the level of 65,897, showing a strong gain of 1,203 points, which is equivalent to an increase of 1.86 percent. Hong Kong’s Hang Seng index closed at 25,066, registering a marginal gain of 60 points, indicating an increase of 0.25 percent. Overall, investor confidence in Asian markets appeared strong.

A bullish trend was also seen in the American markets during the last session. The Dow Jones index closed at 50,669, registering a marginal gain of 25 points, which represents a small increase of 0.05 percent. The Nasdaq index reached the level of 26,917, registering a gain of 243 points, which represents an increase of 0.91 percent.

Similarly, the S&P 500 index closed at 7,564 levels, registering a gain of 43 points, which represents an increase of 0.58 percent. The strength seen in the US markets was mainly due to buying activity in the technology and industrial sectors.

In Indian markets, the trend of foreign investors remained bearish. On May 27, foreign institutional investors (FIIs/FPIs) made a net sale of shares worth a total of Rs 1,043 crore. This reflects a continuous selling trend, due to which there is pressure on the market. However, domestic institutional investors (DIIs) continued strong buying during this period, which supported the market.

According to data from domestic investors, DIIs bought shares worth Rs 3,821 crore in the last session. In the last seven days, this figure reached Rs 9,039 crore, while the total purchases in the last 30 days stood at Rs 69,392 crore. In contrast, FIIs/FPIs sold shares worth ₹1,043 crore in the last session. The total selling in the last seven days was Rs 2,629 crore, and in the last 30 days this figure reached Rs 42,905 crore.

Overall, despite positive signals from global markets, continued selling by foreign investors in Indian markets remains a matter of concern. Nevertheless, strong participation from domestic investors is playing an important role in maintaining market stability.

Sensex closed with a fall of 142 points

The stock market remained closed yesterday due to Bakri Eid holiday. Earlier, on May 27, the Sensex closed at 75,868 with a fall of 142 points. Nifty also saw a decline of 7 points and closed at 23,907. Maximum selling pressure was seen in banking shares.