Mumbai, 15th July. The domestic stock market, which had seen a big fall in the last session amid the ongoing tension in West Asia, had gained good momentum on Wednesday, but profit-booking in the afternoon curbed the strong gains. However, both the benchmark indices remained in profit. While the BSE Sensex gained 130 points, the NSE Nifty rose 26 points with the rise in bank shares and inflation data in America being lower than expected.
Market analysts believe that with inflation data in the US being softer than expected, there is a possibility that the US central bank Federal Reserve will adopt a less aggressive stance in terms of monetary policy in the coming months. At present, due to increasing tension between America and Iran, the enthusiasm of investors decreased in afternoon trading and their profit booking limited the market’s gains.
Sensex rose 0.17 percent and closed at 77,185.43 points.
Bombay Stock Exchange (BSE) benchmark Sensex based on 30 shares closed at 77,185.43 points, up 130.49 points or 0.17 per cent. During trading, it had reached 77,646.27 points with a gain of 591.33 points or 0.76 percent, while after midday the index had fallen by 72 points to 76,982.82, below 77 thousand. Among the companies associated with Sessex, 18 shares were in profit while 12 were in decline.
Nifty closed at 24,078.50, up 26.45 points
At the same time, Nifty, a sensitive index based on 50 shares of National Stock Exchange (NSE), closed at 24,078.50 points, increasing by 26.45 points or 0.11 percent. At one point during trading, the index had risen 168 points to 24,220.35. Among Nifty related companies, 25 shares were in profit while 25 showed weakness.
Eternal’s stock is highest at 3.02% increased
Among the companies included in the Sensex group, Eternal’s stock rose the most by 3.02 percent. UltraTech Cement, State Bank of India, Bajaj Finance, InterGlobe Aviation and Asian Paints were also major gainers. On the other hand, loss-making stocks include Power Grid, Larsen & Toubro, Tata Steel and Infosys.
FIIs sold shares worth Rs 739.69 crore
According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 739.69 crore on Tuesday. Global oil benchmark Brent crude rose 0.90 percent to $85.50 a barrel.
Rupee falls 16 paise to 96.32 per dollar
Meanwhile, the Indian rupee fell by 16 paise at 96.32 (provisional) per dollar on Wednesday. Forex traders said the fall in the rupee was limited due to positive trend in domestic stock markets and weakening of the dollar.
Comments are closed.