The decline in the stock market for three trading sessions stopped, Sensex jumped by 639 points, Nifty near 24100.

Mumbai27 april. Amidst improvement in global cues, with the help of good buying in major companies including IT and Pharma sectors, the decline in the domestic stock market for the last three consecutive trading sessions came to an end and on Monday, the first day of the trading week, both the benchmark indices closed with good gains. In this sequence, BSE Sensex rose by 639 points and stood above 77,300, while NSE Nifty gained 195 points and again reached near 24,100.

According to market analysts, there was a rise in the standard indices due to strong buying in the shares of Reliance Industries and Sun Pharma. Apart from this, signs of reducing tension between Iran and America also strengthened the sentiment of investors. However, persistence of crude oil prices at high levels remains a risk factor for the market.

Sensex 0.83increased by % 77,303.63 closed on points

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 77,303.63 points, jumping 639.42 points or 0.83 percent. At one time during trading it had climbed by 755.83 points to reach the level of 77,420.04. Among the Sensex related companies, 23 stocks stood firm while seven registered a decline.

nifty 194.75 by increasing points 24,092.70 off on

On the other hand, the National Stock Exchange (NSE) sensitive index Nifty based on 50 shares closed at 24,092.70 points, increasing by 194.75 points or 0.81 percent. Among Nifty related companies, shares of 41 were in profit while nine suffered loss. In the broader market, the BSE Smallcap Select index of small companies rose by 2 percent, while the BSE Midcap Select index of medium companies rose by 1.35 percent.

All sectoral indices also closed with gains

Amidst all-round rise in the market, all the sectoral indices also closed with gains. It was led by people centric services with a rise of 2.50 per cent while health care segment gained 2.43 per cent and focus IT segment gained 2.41 per cent.

Sun Pharma shares jumped the most by 7.03 percent

Among the companies included in the Sensex group, Sun Pharma’s shares jumped the most by 7.03 percent. It witnessed brisk buying after Sun Pharma announced a $11.75 billion deal to acquire American company Organon.

At the same time, shares of Reliance Industries also rose by 2.88 percent.

Along with this, Adani Ports, Tech Mahindra, Mahindra & Mahindra, NTPC, HCL Tech and Tata Consultancy Services were among the major gainers. On the other hand, shares of Axis Bank, Bharat Electronics, Trent and ICICI Bank closed with losses.

FII has 8,827.87 Sold shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) had sold shares worth Rs 8,827.87 crore on Friday. Meanwhile, global oil benchmark Brent crude rose 2.53 per cent to $107.9 per barrel.