Stock market will remain closed tomorrow: The trend of decline stopped after several days, Sensex rose by 239 points.

Mumbai: Due to buying in big stocks like HDFC Bank, Tech Mahindra and M&M at lower levels, the ongoing decline in the stock market for the last several days came to an end on Tuesday. During this period, BSE Sensex closed up by about 240 points or 0.31 percent and NSE Nifty closed up by about 65 points or 0.28 percent.

Traders said continued buying by domestic institutional investors also supported the index. After four days of decline, the Sensex closed 239.37 points or 0.31 per cent higher at 77,578.38. The fall in Reliance Industries at the end of trading limited the market's gains. In the day's trade, the Sensex rose 1,112.64 points or 1.43 percent to 78,451.65.

NSE Nifty, which has been facing decline for the last 7 trading sessions, also closed at 23,518.50 points, up 64.70 points or 0.28 percent. Among Sensex stocks, Mahindra & Mahindra, Tech Mahindra, HDFC Bank, Titan, Tata Motors, UltraTech Cement, Power Grid and Infosys gained significantly.

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On the other hand, shares of Reliance Industries, State Bank of India, Bajaj Finserv, Maruti, Tata Steel and Bharti Airtel remained in loss. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,403.40 crore on Monday. In comparison, domestic institutional investors (DIIs) bought shares worth Rs 2,330.56 crore.

In other markets of Asia, South Korea's Kospi, Japan's Nikkei, China's Shanghai Composite and Hong Kong's Hang Seng closed with gains. There was a downward trend in European markets in afternoon trading. US markets mostly closed with gains on Monday. Global oil benchmark Brent crude fell 0.25 percent to $ 73.12 per barrel.

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Let us tell you that due to assembly elections in Maharashtra, major stock markets BSE and NSE will remain closed on 20th November.

–with agency input