Due to the results of assembly elections, the stock market returned bullish, Sensex rose by 356 points, Nifty crossed 24000.

Mumbai, 4th May. The domestic stock market regained momentum on Monday due to the assembly election results of five states being in line with market expectations and buying in major companies. However, the initial strong momentum weakened as the day progressed. In this sequence, while BSE Sensex gained by 356 points, NSE Nifty rose by 122 points and crossed 24,000.

Sensex 0.46 percentage increase 77,269.40 closed on points

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 77,269.40, up 355.90 points or 0.46 per cent. At one point during trading, the index had jumped 997.25 points to reach 77,910.75 points. Among Sensex related companies, shares of 22 were in profit and 8 were in decline.

nifty 121.75 by points advantage 24,119.30 off on

On the other hand, the 50-share sensitive index Nifty of National Stock Exchange (NSE) closed at 24,119.30 points with a gain of 121.75 points or 0.51 percent. Among the companies associated with Nifty, 37 stocks were on the rise and 13 showed weakness.

In the broader market, BSE Smallcap Select index of small companies was up 0.79 percent while Midcap Select index of medium companies was up 0.75 percent. Sectoral indices comprising realty, services, capital products and industrials closed with gains of over one per cent. At the same time, there was a decline in IT and bank segments.

Adani Ports stocks rose the most by 5.30 percent

Among the companies included in the Sensex group, Adani Ports’ stock rose the most by 5.30 percent. Shares of Hindustan Unilever, Reliance Industries, Larsen & Toubro, Eternal and Maruti Suzuki were also major gainers. On the other hand, shares of Bharti Airtel, Kotak Mahindra Bank, Tata Consultancy Services and ITC were in the red.

FII has 8,047.86 Sold shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 8,047.86 crore on Thursday while domestic institutional investors (DIIs) bought shares worth Rs 3,487.10 crore. Meanwhile, international oil benchmark Brent crude rose 1.48 percent to $109.8 per barrel.

It is noteworthy that the domestic stock market was closed on Friday on the occasion of Maharashtra Day. A day before that on Thursday, Sensex fell 582.86 points to 76,913.50 and Nifty fell 180.10 points to 23,997.55.