Due to permanent ceasefire talks between America and Iran, stock market is booming, know the condition of Sensex-Nifty.
Mumbai. Domestic stock markets regained momentum on Friday amid ongoing talks for a permanent ceasefire between America and Iran and BSE Sensex rose 918.60 points (1.20 percent) to reach 77,550.25.
The Nifty-50 index of the National Stock Exchange also closed at 24,050.60 points with a gain of 275.50 points or 1.16 percent. This is the highest closing level of both the indices since March 10. The talks starting today in Pakistan for a permanent ceasefire between America and Iran have strengthened the investment sentiment in the market.
Amidst all-round buying, investors invested more money in medium and small companies. Nifty Midcap-50 index closed up 1.27 percent and Smallcap-100 index closed up 1.65 percent.
Except IT which declined by 1.91 per cent, indices of all other sectors remained in the green. Auto had the highest increase of 2.85 percent. Indices of banking, finance and realty sectors also rose two percent.
Among Sensex companies, Asian Paints’ share strengthened by nearly four percent. ICICI Bank also recorded a growth of more than three percent. Shares of Mahindra & Mahindra, IndiGo, Axis Bank, State Bank of India, Bajaj Finance and Bajaj Finserv rose two to three percent.
Shares of Adani Ports, Trent, HDFC Bank, L&T, Reliance Industries, PowerGrid, Titan, UltraTech Cement and Hindustan Unilever closed up by one to two percent. Shares of Eternal, Maruti Suzuki, Kotak Mahindra Bank, Tata Steel, BEL, NTPC, Bharti Airtel and ITC also remained in the green.
Sun Pharma shares fell by more than three and a half percent. There was a decline of about three percent in Infosys and about two and a half percent in TCS. Shares of Tech Mahindra closed down by one and a half percent and shares of HCL Technologies closed down by around one percent.
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