Share Market Update: Sensex rose by 300 points, Nifty also rose, know in which sector to buy?

Share Market Update: Today, on March 5, the stock market is trading with gains. Sensex is trading 300 points higher at 79,450. Nifty is also trading at 24,600, up by about 100 points. Auto and energy stocks are gaining the most.

Crude oil increased by 15% in 4 days

Brent crude oil rose nearly 1% today to $83 per barrel. Its prices have increased by about 15% in the last four days.

Experts believe that if this tension increases further, oil prices may reach $120 per barrel. This may affect the prices of petrol and diesel in India.

Petrol prices in Delhi may increase from Rs 95 per liter to Rs 100, while diesel prices may increase from Rs 88 to Rs 92. A similar increase in prices is expected in other cities also.

In Asian markets, South Korea’s market grew by 10%

South Korea’s Kospi index is trading at 5,612, up 519 points (10.20%).

Japan’s Nikkei is trading at 55,596, up 1,350 points (2.50%).

Hong Kong’s Hang Seng index is trading at 25,666, up 416 points (1.65%).

China’s Shanghai Composite Index is trading at 4,109, up 27 points (0.65%).

US market booming

The Dow Jones rose 238 points (0.49%) to close at 48,739.

The tech-based Nasdaq Composite index rose 1.29% to 22,807.

The S&P 500 index rose 52 points (0.78%) to close at 6,869.

The market fell yesterday

Earlier, on March 4, the stock market had fallen. The Sensex was down 1,123 points or 1.40% at 79,116. Nifty also fell 385 points or 1.55% to close at 24,480.