Share Market Update: Sensex rises by 500 points, Nifty also up by 140 points, know which shares are bought more?

Business Desk – Share Market Update: Today i.e. on Friday, May 22, the Sensex is trading at 75,700 with a rise of 500 points (0.70%). Nifty has also increased by 140 points (0.58%), it has reached 23,800. In today’s business there is buying in bank and realty shares.

Major indices were seen trading in the green due to increased buying by investors in Asian stock markets. Japan’s Nikkei index shone the most and reached the level of 63,095 with a strong increase of 1410 points or 2.29%. The market got strengthened by buying in tech and auto sectors.

Whereas South Korea’s Kospi index rose by 23 points or 0.49% and was seen trading at 7,840. Hong Kong’s Hang Seng Index also reached 25,590 with an increase of 204 points or 0.88%. Investor confidence has strengthened rapidly in Asian markets. A positive trend was also seen in the American markets in the last trading session. The Dow Jones index rose 276 points or 0.55% and closed at 50,286. There was a slight rise of 23 points or 0.09% in Nasdaq and it closed at the level of 26,293.

Whereas the S&P 500 index increased by 13 points or 0.17% to reach 7,446. The effect of buying in IT and banking stocks was seen in the American markets. However, the attitude of foreign investors still remains a matter of concern for the Indian markets.

Foreign institutional investors (FII/FPI) sold Rs 1,891 crore from the Indian stock market on Wednesday. On the other hand, domestic institutional investors (DIIs) bought shares worth Rs 2,493 crore, which provided some support to the market.

According to the data, in the last 7 days, DII has purchased Rs 10,945 crore, while FII/FPI sold Rs 3,132 crore. In the last 30 days, domestic investors have invested Rs 68,089 crore, while foreign investors have sold shares worth Rs 53,642 crore so far. Despite continuous foreign selling, strong buying by domestic investors is playing an important role in maintaining the Indian market.