Share Market Today: Stock market is booming, business is booming amid positive signals, Sensex and Nifty strong.
Mumbai. Amid positive signals from abroad, domestic stock markets witnessed a rise in early trade for the third consecutive day on Wednesday. On the other hand, Sensex and Nifty registered a rise in early trade on Wednesday due to fall in crude oil prices and strength in global markets. BSE Sensex rose 518.84 points to 76,589.68 in early trade while NSE Nifty rose 157.75 points to 23,738.90.
BSE’s sensitive index Sensex opened at 76,367.55 points with a gain of 296.71 points. At the time of writing, it was up 374.11 points (0.49 percent) at 76,444.95. The Nifty-50 index of the National Stock Exchange also opened at 23,632.90 points with a gain of 51.75 points. Except metal, all other sectors remained bullish. Indices of IT, auto, media, consumer durable products and chemicals groups were in higher gains.
Among the 30 companies included in the Sensex, shares of Tata Consultancy Services, InterGlobe Aviation, Trent, HCL Tech, Infosys and Mahindra & Mahindra were the major gainers. On the other hand, shares of HDFC Bank, ICICI Bank, Tata Steel and Kotak Mahindra Bank declined. In Asian markets, South Korea’s Kospi gained nearly four percent and Japan’s Nikkei 225 gained more than two percent, while China’s SSE Composite and Hong Kong’s Hang Seng were in slight decline.
American markets closed with gains on Tuesday. The price of international standard Brent crude fell by 1.46 percent to $ 101.9 per barrel. According to stock market data, foreign institutional investors (FIIs) were on the losing side on Tuesday and sold shares worth Rs 4,741.22 crore. However, domestic institutional investors (DIIs) bought shares worth Rs 5,225.32 crore.
Comments are closed.