Mumbai, 29 July. The Indian stock market, which had seen a slight decline last evening, made a huge jump for the second time in the trading week and both the standard indices closed with strong gains on Wednesday due to good buying in the shares of Information Technology (IT) companies and HDFC Bank. While BSE Sensex rose by 889 points and crossed 77,650, NSE Nifty gained 265 points and stood at 24,250.
Sensex 1.16% up and closed at 77,654.60 points
The 30-share BSE Sensex of Bombay Stock Exchange (BSE) closed at 77,654.60 points, up 888.68 points or 1.16 percent. At one point during trading, it had climbed 999.57 points to reach 77,765.49 points. Among Sensex related companies, 25 shares were in profit while five were in decline.
Nifty closed at 24,250.20 with a gain of 264.85 points.
At the same time, the National Stock Exchange (NSE) Nifty based on 50 shares closed at 24,250.20 points with a gain of 264.85 points or 1.10 percent. Among Nifty related companies, 38 stocks strengthened while 12 remained weak.
Hindustan Unilever shares highest 4.70% increased
Among the companies included in the Sensex group, Hindustan Unilever’s share rose the most by 4.70 percent while Infosys rose by 4.50 percent. Shares of Trent, Larsen & Toubro, Tata Steel, Bharti Airtel, Tata Consultancy Services (TCS), HCL Tech and HDFC Bank also closed with gains. On the other hand, shares of Adani Ports, Mahindra & Mahindra, Power Grid, Bharat Electronics and NTPC declined.
FIIs made net purchase of shares worth Rs 755.33 crore
According to stock market data, foreign institutional investors (FIIs) bought shares worth a net Rs 755.33 crore on Tuesday. This strengthened the market sentiment. Global oil benchmark Brent crude rose 3.79 percent to $87.28 per barrel.
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