Share Market Update: Sensex rose by 400 points, Nifty also rose by 150 points, maximum buying in Metal and Auto Stocks.

Business Desk: Trading in the Indian stock market started with great momentum on Monday (July 6). In early trading, BSE Sensex rose by about 400 points to reach the level of 78,250, while during trading it also saw a rise of about 500 points and was seen trading around 78,300.

At the same time, NSE Nifty also strengthened by about 150 points and reached the level of 24,400. Maximum buying in the market was seen in shares of Metal and Auto sectors.

The effect of buying by foreign institutional investors (FIIs) on Friday, strong closing of the last trading session and positive attitude of domestic investors was also visible in Monday’s trading. Although mixed signals were received from Asian markets, the Indian stock market started trading on a strong note.

Sensex and Nifty started with gains

As soon as the market opened on Monday morning, investors took a buying stance. BSE Sensex rose by about 400 points to reach 78,250, while during trading it recorded a rise of about 500 points. On the other hand, NSE Nifty was also seen strengthening by about 150 points and trading at the level of 24,400. Most of the sectors remained in the green in early trade.

Highest purchases in Metal and Auto Stocks

In today’s trading, the biggest rise was seen in the shares of metal and auto sectors. Investors bought heavily in both these sectors, which provided strong support to the market. In the sectoral index also, the performance of these two sectors was the best.

Mixed business for Asian markets

The trend of Asian markets remained mixed amid the rise in the domestic market. South Korea’s Kospi was seen trading at 7,894 with a decline of 186 points or 2.31%. Japan’s Nikkei also fell 825 points or 1.18% to 68,919. At the same time, Hong Kong’s Hang Seng was seen trading at the level of 23,583 with a gain of 233 points or 0.78%.

Mixed trend in American market on Friday

Mixed trading was also seen in the American stock markets on Friday. Dow Jones closed at 52,900 with a gain of 595 points or 1.14%. Whereas Nasdaq with technology shares closed at 25,833 with a decline of 207 points or 0.80%. The S&P 500 remained almost flat and closed at 7,483.

FII bought shares worth Rs 1,355 crore

Foreign institutional investors (FII/FPI) made net purchases of shares worth Rs 1,355 crore in the Indian stock market on Friday. On the other hand, domestic institutional investors (DIIs) made a net sale of shares worth Rs 1,954 crore.

In the last seven days, DII made net purchases of Rs 9,832 crore, while FIIs made net sales of Rs 2,654 crore. Whereas in the last 30 days, DII has bought shares worth Rs 54,857 crore, while the net selling by FII has been Rs 18,011 crore.

The market closed with gains on Friday also

Earlier on July 3 (Friday) also, the domestic stock market had closed on a strong note. That day the Sensex closed at 77,764 with a gain of 261 points. Whereas Nifty rose 95 points and closed at the level of 24,270. The same positive sentiment of the last trading session was seen in the early trading on Monday also.

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