Stock market rises for the third consecutive day, Sensex rises 633 points, Nifty 197 points stronger

Mumbai, 18 March. The effect of slight softening of crude oil prices and strong trend in other major markets of the world was also visible on the Indian stock market and both the benchmark indices closed with good gains on Wednesday for the third consecutive day. While BSE Sensex gained 633 points, NSE Nifty stood with a gain of 197 points.

Instability continues in the global market

Market analysts say that there is instability in the global market due to ongoing global tensions, fall in the exchange rate of rupee and fluctuations in crude oil prices. Nifty started on a strong note and remained positive for most of the session. However, some of the gains were pared down by profit-booking in the final hours. If seen, the rise in IT stocks has played an important role in the recent rise in the market.

Sensex closed at 76,704.13 points, up 0.83 percent

The 30-share sensitive index Sensex of Bombay Stock Exchange (BSE) closed at 76,704.13, up 633.29 points or 0.83 percent. At one time during trading it had climbed up to 929.38 points. Among Sensex related companies, 20 shares were in profit while 10 were in decline.

Nifty rose 0.83 percent and closed at 23,777.80 points.

On the other hand, Nifty, the standard index based on 50 shares of National Stock Exchange (NSE), closed at 23,777.80 with an increase of 196.65 points or 0.83 percent. Among Nifty related companies, shares of 38 remained strong and 12 remained weak. BSE Midcap Select index related to medium companies rose by 2.39 percent and Smallcap Select index related to small companies rose by 1.59 percent.

Investors earned in one session 5.51 lakh crore rupees

The total market capitalization of companies listed on BSE increased to Rs 438.81 lakh crore in one session, which was Rs 433.30 lakh crore on the previous trading day. In this way, the market cap of companies listed in BSE increased by about Rs 5.51 lakh crore on Wednesday. In other words, there was an increase of about Rs 5.51 lakh crore in investors’ wealth.

Eternal’s stocks rose the most by 3.37 percent

Among the companies included in the Sensex group, Eternal’s stock rose the most by 3.37 percent. Apart from this, shares of Tech Mahindra, Infosys, Mahindra & Mahindra, HCL Tech, Adani Ports, Tata Consultancy Services and Axis Bank were also major gainers. On the other hand, loss making stocks include NTPC, Hindustan Unilever, Sun Pharma and HDFC Bank.

DII made net purchase of shares worth Rs 5,225.32 crore

According to stock market data, foreign institutional investors (FIIs) made a net sale of shares worth Rs 4,741.22 crore on Tuesday. However, domestic institutional investors (DIIs) made net purchases of shares worth Rs 5,225.32 crore. Meanwhile, global oil standard Brent crude fell 0.10 percent to $ 103.3 per barrel.