Stock market rises for the fourth consecutive day on the back of IT sector, Sensex rises 510 points, Nifty crosses 23000

Mumbai, 7 April. The domestic stock market saw a rise for the fourth consecutive trading session amid strong investor sentiments due to softening of crude oil prices and favorable global signals. On Tuesday, due to buying in the IT sector, both the benchmark indices not only managed to recover from the initial fall but also closed with good gains. In this sequence, while BSE Sensex rose by 510 points, NSE Nifty crossed 23,000 points with a rise of 155 points.

Sensex 0.69 percentage increase 74,616.58 closed on points

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 74,616.58 points, up 509.73 points or 0.69 per cent. During trading, it jumped as high as 74,686.32 points and fell as low as 73,282.41 points. That is, the index saw a fluctuation of 1,403.91 points in the day’s trading. Among Sensex related companies, 20 stocks were strong and 10 were weak.

nifty 155.40 by increasing points 23,123.65 closed on points

At the same time, Nifty, the standard index based on 50 shares of National Stock Exchange (NSE), closed at 23,123.65 points, rising by 155.40 points or 0.68 percent. The index made a high of 22,153.85 and a low of 22,719.30 during trading. That means the index saw a total fluctuation of 434.55 points. Among Nifty related companies, shares of 37 remained in the green and 13 recorded a decline.

Investors benefited by Rs 1.72 lakh crore

The total market capitalization of companies listed on BSE increased to Rs 429.23 lakh crore on Tuesday, which was Rs 427.51 lakh crore on the previous trading day. In this way the market cap increased by about Rs 1.72 lakh crore. In other words, the wealth of investors increased by about Rs 1.72 lakh crore.

HCL Tech stocks rose the most by 2.77 percent

Among the companies included in the Sensex group, HCL Tech’s stock rose the most by 2.77 percent. Shares of Tata Consultancy Services (TCS), Infosys, Bharti Airtel, Sun Pharma and Hindustan Unilever were also major gainers. On the other hand, loss-making stocks include InterGlobe Aviation, Adani Ports, Mahindra & Mahindra and Titan.

FII has 8,167.17 Sold shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 8,167.17 crore on Monday. However, domestic institutional investors (DIIs) bought shares worth Rs 8,088.70 crore. Global oil benchmark Brent crude fell 0.71 per cent to US$109 per barrel.