Share Market Update: The four-day slump is finally over! Sensex jumped 426 points to 84,800 par

• Indian market gave relief to investors
• Boom in midcap and smallcap as well
• Indian markets firm despite mixed global cues

Share Market Update: Indian stock markets closed in the green on Thursday, finally ending a four-session losing streak. At the close of trade, the Sensex closed up 426.86 points or 0.51 per cent at 84,818.13 and the Nifty closed up 140.55 points or 0.55 per cent at 25,898.55. Today led by gains in auto and metal shares. Nifty Auto closed up 1.11 percent and Nifty Metal closed up 1.06 percent. Nifty IT closed up 0.81 percent, Nifty PSU Bank 0.51 percent, Nifty Pharma 0.98 percent, Nifty Realty 0.75 percent and Nifty Infra 0.37 percent higher.

Also Read: We Business adds to IoT portfolio by introducing smart gas metering solutions; Strong leadership in utility solutions

Along with large caps, mid caps and small caps also witnessed growth. The Nifty Midcap 100 index rose 570.30 points, or 0.97 percent, to 59,578.05 and the Nifty Smallcap 100 index gained 137.90 points, or 0.81 percent, to 17,228.05. Eternals in the Sensex pack namely Zomato, Tata Steel, Kotak Mahindra Bank, Ultratech Cement, Maruti Suzuki, Sun Pharma, Tech Mahindra, HDFC Bank, Infosys, M&M, Trent, HCL Tech and HUL closed higher. Falling stocks were Asian Paints, Bharti Airtel, Bajaj Finance, Power Grid, Axis Bank, ICICI Bank, Titan and Bajaj Finserv.

Sudeep Shah, Head of Technical and Derivatives Research, SBI Securities, said the Nifty showed initial weakness but remained firm in later trade and closed near 25,900. He further said that the zone of 25,750 to 25,730 is a key support for the Nifty and if the index falls below this level, it may fall to 25,730. Resistance levels are 25,950 to 26,000.

Also Read: USD INR Exchange Rate: Rupee weak against dollar! Rupee falls to 90.11..; Investors focus on India-US trade talks

Globally, the Indian stock market opened on Thursday on mixed signals. In the morning Sensex opened down 12 points to 84,379 and Nifty down 2 points to 25,762. The auto index rose more than 1% today. Media, oil and gas indices fell slightly, but all other indices were trading strongly higher. Earlier, senior market expert Deven Choksi warned that confusion among mid- and small-cap stocks in the domestic stock market is worrying investors. Investors need to be cautious about these segments right now. 1,91,800 silver in the domestic market. This has reached a new high. Gold 300 Rs. 1,29,700 to Rs. closed below, while crude oil trades rose slightly.