Stock market loses initial gains due to profit booking, Sensex crosses 77000, Nifty 34 points stronger

Mumbai25 june. The Indian stock market showed great enthusiasm in early trading for the second consecutive day on Thursday due to the excellent quarterly results of American chip maker Micron and the continuous fall in crude oil prices amid the decreasing tension in West Asia. But this strength could not be sustained due to profit-booking ahead of the long weekend and both the benchmark indices closed with marginal gains. BSE Sensex rose by 107 points and crossed 77,000 while NSE Nifty gained 34 points.

According to analysts, the stock market had made good gains due to buying in automobile, aviation and bank shares due to strengthening of investor sentiment along with the rise in global markets. However, in the second session of trading, the gains were limited due to profit-booking in information technology (IT) and metal stocks.

Sensex 109.25 with an increase in points 77,100.47 off on

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 77,100.47 points with a gain of 109.25 points or 0.14 per cent. The index, which opened with an increase of almost 400 points compared to the previous trading session, had at one point climbed 811.96 points during trading and reached the day’s highest level of 77,803.18 points. Among Sensex related companies, shares of 19 declined and 11 were in profit.

nifty 34.35 by increasing points 24,056 off on

On the other hand, the National Stock Exchange (NSE)’s standard index Nifty based on 50 shares closed at 24,056 points, increasing by 34.35 points or 0.14 percent. During trading, the index reached a high of 24,261.60 points and reached a low of 24,039 points. Among the companies associated with Nifty, 23 shares were in profit while 27 showed weakness.

However, broader markets witnessed declines. The BSE Midcap Select index of medium-sized companies fell 0.55 percent and the Smallcap Select index of smaller companies fell 0.37 percent.

InterGlobe Aviation has the most 4.73 percent increase

Among the companies included in the Sensex group, IndiGo’s parent company InterGlobe Aviation had the highest rise of 4.73 percent. Apart from this, Mahindra & Mahindra, Maruti, State Bank of India, ICICI Bank and Hindustan Unilever were also major gainers. The loss making stocks include Power Grid, Bharat Electronics, Tech Mahindra, Infosys and Bharti Airtel.

FII has 1,843.40 Net sale of shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) made a net sale of shares worth Rs 1,843.40 crore on Wednesday. Global oil benchmark Brent crude fell 1.26 percent to $72.81 per barrel.

Stock market will remain closed on Friday for Muharram

Stock market, currency market and commodity market will remain closed on Friday due to ‘Muharram’. Earlier on Wednesday, Sensex had climbed 790.54 points and closed at 76,991.22 points. Nifty stood at 24,021.65 points with a gain of 197.55 points.