Amidst the ups and downs, the strong growth of the stock market was curbed, Sensex returned after crossing 78000, Nifty rose by 95 points.

Mumbai, 3 July. The domestic stock market closed with good gains for the third consecutive trading session on Friday due to buying in IT, pharma, realty and health sectors amid US employment data being weaker than expected. However, in the volatile trading after midday, profit booking in select sectors including IT also curbed the strong growth of the market. Ultimately, while BSE Sensex rose by 262 points, NSE Nifty stood at a gain of 95 points.

Sensex 261.79 by increasing points 77,763.91 off on

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 77,763.91 points, up 261.79 points or 0.34 per cent. The index rose by more than 655 points from the previous session and soon crossed the 78,000 level and reached 78,157.52. But it continued to show weakness due to profit booking after midday. Among Sensex related companies, shares of 16 remained in the green while shares of 13 remained weak.

nifty 0.39 percentage increase 24,270.85 closed on points

At the same time, Nifty, the standard index based on 50 shares of National Stock Exchange (NSE), closed at 24,270.85 points, increasing by 95.15 points or 0.39 percent. Nifty also jumped by more than 200 points compared to the previous session and reached a high of 24,378.15. Among Nifty related companies, stocks of 31 remained strong and 19 declined.

Mixed sentiment in broader market

In contrast to the benchmark indices, the broader market was mixed. The Nifty Midcap-50 index fell 0.13 percent while the Smallcap-100 index closed 0.04 percent higher. If we look at the sectoral index, good buying was seen in IT, pharma, realty and health sectors, while there was strong selling in companies of public sector banks, auto and consumer durables groups.

Highest in HCL Tech stock 5.79 percentage increase

Among the companies included in the Sensex group, HCL Tech’s stock rose the most by 5.79 percent while Tech Mahindra rose by 1.81 percent. Apart from this, Bharti Airtel, Sun Pharma, Bajaj Finserv, UltraTech Cement, Tata Steel, Bajaj Finance, Tata Consultancy Services (TCS) and ICICI Bank were also gainers. On the other hand, shares of Axis Bank, State Bank of India, Mahindra & Mahindra and Larsen & Toubro closed with losses.

FII has 311.82 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 311.82 crore on Thursday. Meanwhile, international oil standard Brent crude rose by 0.24 percent to reach $ 71.97 per barrel.