Stock market recovered from last hour buying, Sensex strengthened by 117 points, Nifty rose by 41 points.

Mumbai20 May. The domestic stock market managed to recover from the fall on Wednesday due to last hour buying amid weak global cues and a rise in the shares of Reliance Industries. In this sequence, BSE Sensex strengthened by 117 points while NSE Nifty also gained by 41 points. According to stock market analysts, despite concerns related to crude oil and weakness in the rupee, buying in the last hour of the trading session supported the market.

Sensex 75,318.39 closed on points

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 75,318.39 points, rising 117.54 points or 0.16 per cent in volatile trade. At one time during trading, it had fallen by 671.44 points or 0.89 percent to 74,529.41 points. But due to purchasing in selected areas, it was successful in taking the lead. Among Sensex related companies, 15 shares were in profit while only 15 showed weakness.

nifty 23,659 closed on points

Whereas the standard index Nifty of National Stock Exchange (NSE) increased by 41 points or 0.17 percent and closed at 23,659 points. During trading, Nifty also touched a low of 23,397.30 points and a high of 23,690.90 points within a range of 293.60 points. Among the companies associated with Nifty, 25 shares stopped at the green mark while 25 registered a decline. In the broader market, BSE Midcap Select index of medium companies rose by 1.02 percent while Smallcap of small companies rose by 0.16 percent.

Power sector jumped the most by 1.78 percent

If we look at the sectoral index, the power sector jumped the most by 1.78 percent, while the capital products segment saw a rise of 1.52 percent, the oil and gas segment saw a rise of 1.37 percent and the energy segment saw a rise of 1.45 percent.

Reliance Industries shares highest 2.83 percentage increased

Among the companies included in the Sensex group, shares of Reliance Industries registered the highest increase of 2.83 percent. Apart from this, shares of Bajaj Finserv, Trent, InterGlobe Aviation, Axis Bank and Mahindra & Mahindra also remained in progress. On the other hand, Bharat Electronics, Tech Mahindra, Eternal and Tata Steel were major losers.

FII has 2,457.49 Sold shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 2,457.49 crore on Tuesday. Brent crude, the global oil benchmark, was trading at $109 a barrel, down nearly two percent.

rupee against dollar 96.95 After touching the level of 96.84 (temporarily) off

Talking about the Indian Rupee, it also continued its trend of weakness against the American currency and reached near 97 per dollar and after touching the level of 96.95, it closed at 96.84 (tentative).