Share Market Update: Sensex rose by 1000 points, Nifty also increased by about 300 points, know how much rise in which stock?

Business Desk – Share Market Update: Today (May 4) is the first trading day of the week in the stock market amidst the results of assembly elections in five states across the country. The pace is visible. Sensex is trading at the level of 77,850 with a gain of about 1,000 points. Nifty has also increased by about 300 points. It is trading above the level of 24,250.

Out of 30 stocks included in the Sensex, 23 are showing a rise, while 7 are showing a decline. Shares like Maruti, Hindustan Unilever and Adani Ports are seeing a rise of up to 4%. Meanwhile, if we talk about the sectoral index of Nifty, except the media sector, a bullish trend is being seen in all other sectors. Sectors like Auto, FMCG, Metal, Pharma, Public Sector Bank and Realty are seeing a growth of about 2%.

A bullish trend was seen in Asian markets today. South Korea’s KOSPI rose by 282 points (4.28%) to reach the level of 6,881. At the same time, Japan’s Nikkei was trading at the level of 59,513 with a gain of 228 points (0.38%).

Hong Kong’s Hang Seng also rose by 443 points (1.73%) to reach 26,219, maintaining a positive atmosphere in Asian markets. In contrast, on May 1, a mixed trend was seen in the American stock market.

Dow Jones closed at 49,499 with a fall of 152 points (0.31%). However, the Nasdaq closed at 25,114 with a gain of 222 points (0.89%), while the S&P 500 index closed at 7,230 with a gain of 21 points (0.29%).

Last week, on Thursday, April 30, a decline was seen in the Indian stock market. Sensex fell 583 points (0.75%) to close at 76,913, while Nifty also fell 180 points (0.74%) to 23,998.

During the day’s trading session, maximum buying was seen in IT sector, while maximum selling was recorded in metal and public sector banking stocks.