Stock market rose for the fourth consecutive day, Sensex crossed the level of 78000, Nifty strengthened by 160 points.

Mumbai, 6 July. Despite the mixed trend of global indicators, the domestic stock market traded on a positive note for the fourth consecutive day. In this sequence, on Monday, BSE Sensex crossed the level of 78,000 with a gain of 521 points, while NSE Nifty gained 160 points.

Benchmark index at two-month high

In fact, both the benchmark indices reached their highest level in two months amid buying in select banks, auto, capital products and realty stocks and softening of crude oil prices. However, selling in IT shares put a slight curb on the good growth of the market. According to analysts, fresh capital inflow from foreign investors also strengthened the positive trend in the domestic stock market.

Sensex 521.16 by points advantage 78,285.07 off on

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 78,285.07 points with a gain of 521.16 points or 0.67 per cent. During trading, the index rose 634.15 points or 0.81 percent to reach 78,398.06 points. Among Sensex related companies, 25 stocks were strong while five were weak.

nifty 159.50 by increasing points 24,430.35 points off

On the other hand, Nifty, the standard index based on 50 shares of National Stock Exchange (NSE), also increased by 159.50 points or 0.66 percent and closed at 24,430.35 points. Among Nifty related companies, shares of 38 closed in the green and 12 registered a decline.

Looking at the broader market, the Midcap Select index of medium companies rose by 0.71 percent while the Smallcap Select index of small companies rose by 0.47 percent.

Among the sector-wise indices, realty segment registered the highest rise of 1.82 per cent while private bank index rose by 1.50 per cent, top 10 banks segment by 1.24 per cent and capital products segment by 1.19 per cent.

HDFC Bank’s share is highest 3.59% up

Among the companies included in the Sensex group, shares of HDFC Bank closed the highest by 3.59 percent. Apart from this, shares of Mahindra & Mahindra, Bharat Electronics, Reliance Industries, ICICI Bank and Maruti were also major gainers. On the other hand, shares of Kotak Mahindra Bank, Tata Consultancy Services, Bajaj Finserv and Power Grid remained in loss.

FII has 1,355.33 Net purchase of shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) made net purchases of shares worth Rs 1,355.33 crore on Friday. At the same time, global oil standard Brent crude fell by 0.82 percent to $ 71.53 per barrel.