Mumbai, 24 June. If the domestic stock market had seen a big fall 24 hours before due to heavy selling in the shares of Information Technology (IT) companies, then on Wednesday only the IT shares returned to the market and on the third day of the trading week, both the benchmark indices closed with good gains despite a weak start. While BSE Sensex rose by 791 points, NSE Nifty gained 198 points and stood above 24000. According to analysts, the market trend remained positive due to softening of crude oil prices and buying in bank and financial stocks along with IT.
Sensex rose 1.04 percent and closed at 76,991.22 points.
Bombay Stock Exchange (BSE)’s 30-share benchmark index Sensex closed at 76,991.22, up 790.54 points, or 1.04 per cent. At one time during trading, it had crossed the level of 77 thousand with a strength of 989.69 points and reached 77,190.37. Among Sensex related companies, shares of 23 remained in the green while shares of seven remained weak.
Nifty increased by 197.55 points and closed at 24,021.65.
On the other hand, the 50-share sensitive index Nifty of the National Stock Exchange (NSE) closed at 24,021.65 points, increasing by 197.55 points or 0.83 percent. Among Nifty related companies, shares of 29 remained strong and 21 saw a decline.
Indigo’s stocks rose the most by 4.72 percent
Among the companies included in the Sensex group, the stock of InterGlobe Aviation (IndiGo) rose the most by 4.72 percent. Trent, Tech Mahindra, Bajaj Finance, ICICI Bank, Infosys, HDFC Bank and Tata Consultancy Services also showed major gains. On the other hand, loss-making stocks include NTPC, Tata Steel, Maruti and Bharat Electronics.
FII bought shares worth Rs 17.86 crore
According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 17.86 crore on Tuesday. Meanwhile, global oil standard Brent crude fell 1.69 percent to $75.78 per barrel.
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