There was a rise in the stock market in the last week, Sensex closed with a rise of 447 points; Nifty crosses 25,966
Share Market Highlights: The Indian stock market closed with a huge rise in the last trading session of the week. At the end of the day, Sensex was at 84,929.36, up 447.55 points or 0.53 per cent, and Nifty was at 25,966.40, up 150.85 points or 0.58 per cent. The market rise was led by auto and realty stocks.
Nifty Realty index closed with a gain of 1.67 percent and Nifty Auto index closed with a gain of 1.23 percent. Apart from this, IT, PSU Bank, Financial Services, Pharma, FMCG, Media, Energy, Private Bank, Infra and Commodities were in the green.
Today’s Top Gainers and Losers
BEL, Power Grid, Tata Motors Passenger Vehicles, Asian Paints, Bajaj Finserv, L&T, Trent, HUL, Infosys, HDFC Bank, Bajaj Finance, Tech Mahindra, NTPC, Eternal (Zomato), M&M, Maruti Suzuki and Adani Ports were the gainers in the Sensex pack. HCL Tech, Kotak Mahindra Bank, ICICI Bank and Sun Farms were the losers. Buying was seen in midcap and smallcap along with largecap. The Nifty Midcap 100 index was at 60,310.15, up 718 points or 1.20 per cent, and the Nifty Smallcap 100 index was at 17,390.35, up 230.15 points or 1.34 per cent.
Why did the market rise in the last trading session?
Market experts said that the reason for the rise in global markets was the US inflation data being lower than expected, which has strengthened the idea that the Fed will further reduce interest rates in the coming time. On the other hand, domestic signals have been strong. He further said that, however, investors remain cautious regarding the India-US trade deal and updates on it in the coming time will decide the direction of the market.
The market started in the green mark
The market had started with a rise amid positive global cues. During this period, Nifty remained above 25,900, while Sensex saw a gain of more than 350 points.
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Foreign investors returned to the domestic market
Foreign institutional investors bought about Rs 600 crore in the cash market for the second consecutive day. Despite this, the total net purchase by FIIs including index and derivatives stood at Rs 2721 crore. domestic institutional investors Continuing its record purchases on the 79th day, it injected around Rs 2700 crore into the market. This is a clear indication that large investors are showing confidence in the market at current levels.
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