Mumbai, 12 June. The Indian stock market also surged amid strong global cues from US President Donald Trump’s announcement of immediate stoppage of attacks on Iran and a possible peace deal with it soon. In this sequence, on Friday, the last day of the trading week, both the standard indices closed with significant gains. While BSE Sensex crossed 75,500 with a gain of 1,695 points, NSE Nifty also crossed 23,600 with a gain of 461 points.
According to market experts, US President Donald Trump’s positive statement on Iran war increased hopes of reducing global tensions and falling crude oil prices strengthened investor sentiment.
Sensex jumped 2.30 percent and closed at 75,527.95 points.
The 30-share sensitive index Sensex of Bombay Stock Exchange (BSE) closed at 75,527.95 points, jumping 1,695.40 points or 2.30 percent. The index, which opened stronger by about 877 points compared to the previous evening, made a huge jump during the last hour of trading and at one point it had climbed 1,775.47 points or 2.40 percent to reach 75,608.02 points. Among Sensex related companies, 27 stocks were in profit and only three showed weakness.
Nifty increased by 461.30 points and closed at 23,622.90.
On the other hand, the National Stock Exchange (NSE) standard index Nifty based on 50 shares closed at 23,622.90, increasing by 461.30 points or 1.99 percent. The index, which opened with an increase of 251 points compared to Thursday, rose 483.75 points during trading to reach 23,645.35. Among the companies associated with Nifty, shares of 38 remained in the green while 12 registered a decline.
In the broader market, the BSE Smallcap index of small companies jumped 2.75 percent while the Midcap index of medium companies rose 2.66 percent.
Realty segment registered the highest jump of 3.55 percent
If we look at the sectoral indices, the realty segment registered the highest rise of 3.55 percent, while the industrial segment recorded a rise of 3.45 percent, the financial services segment rose by 3.14 percent and the private bank index rose by 3.07 percent.
Increase in investors’ capital by Rs 9.66 lakh crore
Amidst the all-round boom, the total market capitalization of BSE listed companies increased by Rs 9,66,538.35 crore to Rs 4,62,00,318.80 crore ($4.84 lakh crore). In other words, investors got a profit of Rs 9.66 lakh crore.
Bajaj Finance stock rose the most by 5.56 percent
Among the companies included in the Sensex group, Bajaj Finance’s stock saw the highest rise of 5.56 percent. Shares of Larsen & Toubro, InterGlobe Aviation (IndiGo), Titan, Eternal and HDFC Bank were also major gainers. Tech Mahindra and Power Grid were the major loss making companies.
Brent crude fell 3.98 percent to $ 86.78 per barrel.
According to stock market data, foreign institutional investors (FIIs) had sold shares worth Rs 1,987.09 crore on Thursday. Meanwhile, due to positive global cues, global oil benchmark Brent crude fell 3.98 percent to $86.78 per barrel.
Comments are closed.