Share Market: Share market rises for the second consecutive day, Sensex rises 115 points, investors earn bumper.

Mumbai: Domestic stock markets closed with gains for the second consecutive day on Thursday due to buying in IT, consumer durables and commodity stocks amid positive trends in global markets. Sensex rose 115 points, while Nifty rose 50 points. Analysts said that in the volatile business, investors showed confidence in selected sectors. However, selling pressure was seen in bank shares. BSE's benchmark index Sensex based on 30 shares closed at 76,520.38, up 115.39 points or 0.15 percent. At one point during trading, it had climbed 338.55 points to reach a high of 76,743.54.

The standard index Nifty of National Stock Exchange (NSE) also increased by 50 points or 0.22 percent and closed at 23,205.35. This was the second consecutive day of bullishness in the stock market. On Wednesday, Sensex closed 566.63 points higher at 76,404.99 points and Nifty closed 130.70 points higher at 23,155.35 points.

There was a rise in the shares of these companies

On Thursday, among the companies included in the Sensex group, shares of UltraTech Cement, Mahindra & Mahindra, Sun Pharmaceutical, Zomato, Tech Mahindra, Tata Steel, Tata Motors, Titan, ITC and Bajaj Finance were the major gainers. However, in contrast, Kotak Mahindra Bank, HCL Technologies, PowerGrid, Reliance Industries, State Bank of India, Hindustan Unilever, IndusInd Bank, Nestle India and Axis Bank declined.

There is uncertainty in the market due to the decisions of the US government affecting global trade, rising inflation and fluctuations in currencies. However, expectations related to the upcoming budget have halted the downward trend. He said that as the quarterly results of companies showed better performance on a quarterly basis, the expectations of the fourth quarter also getting better have increased. Vinod Nair, (Research Head, Geojat Financial Services)

Growth in 2,119 companies listed on BSE

The BSE Smallcap index of small companies registered a rise of 0.67 percent and the Midcap index of medium companies registered a rise of 1.78 percent. Overall the market sentiment was positive and 2,119 companies listed on BSE closed with gains. But 1,842 shares declined while 106 others remained unchanged. The total market capitalization of BSE listed companies increased by Rs 2,75,359.24 crore to Rs 4,24,63,686.80 crore amid broadly positive trading.

Ameya Ranadive, senior technical analyst at Stoxbox, said that after a weak start, the market gained momentum due to buying in IT stocks. The IT sector hopes that the Trump government in America will encourage private sector investment on AI infrastructure.

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Condition of other markets in Asia

In other markets of Asia, Japan's Nikkei and China's Shanghai Composite closed higher while Hong Kong's Hang Seng and South Korea's Kospi declined. Most of the markets in Europe were trading with gains. There was a rise in American markets on Wednesday.