Share Market Today: Amid the rise in global markets, rise in domestic markets, rise in Sensex-Nifty.
Mumbai. In line with the rise in global markets, there was a surge in early trading in domestic stock markets Sensex and Nifty. This rise was recorded after US President Donald Trump announced a temporary ban on attacks targeting Iran’s energy infrastructure.
BSE Sensex rose 1,516 points to 74,212.47 in early trade while NSE Nifty rose 386.95 points to 22,899.60. Among the 30 companies included in the Sensex, shares of InterGlobe Aviation, Asian Paints, Eternal, Adani Ports, Trent and Larsen & Toubro were the biggest gainers.
Only Power Grid’s share remained in loss. Asian markets also remained bullish. South Korea’s Kospi, Japan’s Nikkei 225, China’s SSE Composite and Hong Kong’s Hang Seng were among the gainers. American markets closed with gains on Monday. The price of international standard Brent crude stood at $ 104.1 per barrel with an increase of 4.16 percent.
According to stock market data, foreign institutional investors (FIIs) were on the losing side on Monday and sold shares worth Rs 10,414.23 crore. On the other hand, domestic institutional investors (DIIs) bought shares worth Rs 12,033.97 crore.
It is noteworthy that Trump said on Monday that the US is in talks with a “respected” Iranian leader and claimed that the Islamic Republic is eagerly waiting for an agreement to end the war.
He also gave Iran an additional five days to reopen the vital strait. Besides, attacks on its power plants were also postponed for five days. Iran’s rejection of Trump’s claims, however, created uncertainty, leading to a rise in global crude oil prices. BSE Sensex closed down by 2.46 percent on Monday and Nifty closed down by 2.60 percent.
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