Share Market Update: Sensex rose 150 points, Nifty up 50 points, know in which sector to buy?

Business Desk – Share Market Update: Today i.e. on Friday, June 5, the Sensex is trading at 74,500 with a rise of 150 points (0.23%). Nifty has also increased by 50 points (0.18%), it has reached the level of 23,450. In today’s business, there is maximum buying in media and IT shares.

Pressure in Asian markets, biggest fall in Kospi

Weakness was seen in Asian stock markets on Friday amid mixed signals in global markets. South Korea’s Kospi index remained under the most pressure and closed at the level of 8299, falling 362 points or 3.96%.

Whereas Japan’s Nikkei fell by 809 points or 1.61% to 66,384. Apart from this, Hong Kong’s Hang Seng index was also seen slipping by 193 points or 0.78% and trading at the level of 25,060.

Bullish atmosphere in American markets

In contrast to the decline in Asian markets, US stock markets registered a rise on Thursday. Dow Jones rose 875 points or 1.73% and closed at 51,562. S&P 500 also reached 7,584 with a gain of 31 points or 0.41%. However, Nasdaq comprising of tech shares fell marginally by 23 points or 0.09% and closed at the level of 26,831.

Selling by foreign investors continues

The process of selling by foreign investors (FII/FPI) continues in the Indian stock market. On Thursday, foreign investors sold shares worth a net Rs 4,447 crore. At the same time, domestic institutional investors (DII) supported the market by purchasing Rs 4,360 crore.

Withdrawal of more than Rs 71 thousand crore in 30 days

According to the data, foreign investors have made a net sale of Rs 22,338 crore in the last 7 days and Rs 71,681 crore in the last 30 days. On the other hand, domestic institutional investors have made net purchases of Rs 24,800 crore and Rs 93,265 crore in the same period. It is clear from this that the strong participation of domestic investors in the market is balancing the effect of foreign selling to a great extent.