Business Desk – Stock Market Today Update: The stock market is witnessing a rise on Friday, September 4, the last day of the trading week. In early trade, the Sensex rose by about 450 points and crossed the level of 76,600. There was an increase of about 50 points in Nifty also. It was seen trading around 23,950. According to the available market updates, Sensex had reached the level of 76,652 and Nifty 23,927.
After Thursday's decline, buying was seen returning in the market on Friday. Sensex rose by more than 450 points in early trade, while Nifty also remained above 23,900. Due to this recovery in the market, investors are now eyeing further trading. The market was under pressure for the fourth consecutive trading session on Thursday. In such a situation, Friday's rise has brought relief for investors. However, volatility remains in the market and the impact of global cues may be visible further.
Bullish atmosphere in Asian market also
Along with the Indian market, major Asian markets also witnessed a rise on Friday. South Korea's KOSPI index stood at the level of 6,673 and registered an increase of 81 points or 1.24%.
Japan's Nikkei stood at 64,784, an increase of 569 points or 0.89%. Whereas Hong Kong's Hang Seng reached the level of 25,741 and registered an increase of 528 points or 2.14%. The effect of positive sentiment in Asian markets was also visible in the early trading of the Indian stock market.
US market also rises, Dow Jones rises 624 points
American markets also remained bullish on September 3. Dow Jones remained at the level of 53,686 and registered a gain of 624 points or 1.18%. Nasdaq remained at the level of 26,584, which was an increase of 366 points or 1.40%. Similarly, the S&P 500 index remained at the level of 7,748 and was up by 81 points or 1.06%. That is, according to the given data, all three major American indices remained in the lead.
DII bought shares worth Rs 14,226 crore in 7 days
Purchasing by Domestic Institutional Investors i.e. DII remains an important signal for the market. According to the data, DII has bought shares worth a total of Rs 14,226 crore in the last 7 days. His purchases in the last 30 days stood at Rs 64,387 crore.
At the same time, selling is going on by Foreign Institutional Investors i.e. FII/FPI. FII/FPI have sold shares worth Rs 2,500 crore in the last 7 days. Their net sales in the last 30 days stood at Rs 4,471 crore. Investors will also keep an eye on FII-DII activity on Friday, because domestic institutional investors are continuously supporting the market amidst the selling by foreign investors.
Sensex had slipped by 2,100 points on Thursday
Earlier on Thursday, September 3, tremendous volatility was seen in the stock market. During indicative closing, the Sensex suddenly slipped by about 2,100 points. However, later there was recovery in the market and the decline in final closing reduced considerably.
On Thursday, the Sensex fell 417 points or 0.55% and closed at the level of 76,153. Nifty slipped 41 points or 0.17% and closed at 23,873. The main reasons for the decline in the market included the pressure of rising crude oil prices and global geopolitical tension.
Now what signals is the market keeping an eye on?
After Friday's rally, investors will now keep an eye on global market trend, crude oil prices, FII-DII buying-selling and further market volatility. Friday's early recovery after Thursday's sharp fall has definitely strengthened the market sentiment, but fluctuations during trading cannot be ruled out.
