Stock market decline stopped, Sensex strengthened by 650 points, Nifty near 25700.

Mumbai, 16 February. The ongoing decline in the Indian stock market stopped on Monday and after a negative start, both the benchmark indices closed with good gains due to buying in power, bank and financial stocks. While BSE Sensex crossed 83 thousand with a gain of 650 points, NSE Nifty gained 212 points and stood near 25,700.

Sensex 0.79 percentage increase 83,277.15 closed on points

Bombay Stock Exchange (BSE) Sensex, a sensitive index based on 30 shares, closed at 83,277.15 points, rising 650.39 points or 0.79 per cent, recovering from the ongoing decline for three consecutive trading sessions. The index, however, opened 146.36 points lower at 82,480.40 compared to the previous trading session and also saw a low of 82,276.95. But it closed with a jump of 1000.20 points from the day’s low. Among Sensex related companies, shares of 21 closed in the green and nine remained weak.

nifty 211.65 by increasing points 25,682.75 off on

On the other hand, Nifty, the standard index based on 50 shares of National Stock Exchange (NSE), increased by 211.65 points or 0.83 percent and closed at 25,682.75 points. Among Nifty related companies, 37 stocks were in profit while 13 were in decline.

Power Grid had the highest profit of 4.45 percent.

Among the companies included in Sensex, Power Grid had the highest gain of 4.45 percent. Apart from this, HDFC Bank, Axis Bank, NTPC, ITC, Asian Paints, Bajaj Finserv, Bharti Airtel, Adani Ports, Tata Steel, Kotak Mahindra Bank, Reliance Industries and State Bank of India were major gainers.

On the other hand, shares of Tech Mahindra, Maruti Suzuki India, Bajaj Finance, Trent, Mahindra & Mahindra, Titan, Infosys, ICICI Bank and UltraTech Cement declined.

FII has 7,395.41 Sold shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 7,395.41 crore on Friday while domestic institutional investors bought shares worth Rs 5,553.96 crore. Global oil benchmark Brent crude fell 0.24 percent to US $ 67.59 per barrel.