The trend of decline in the stock market for 5 trading sessions stopped, Sensex rose by 302 points, Nifty strengthened by 107 points.

Mumbai12 January. In the Indian stock market, which has seen a big decline continuously in the last five trading sessions, on Monday also both the benchmark indices were in the red and then were moving towards a big decline. But the market got support due to new hopes arising from India-US trade agreement and buying at lower levels in energy, banking and metal stocks. Ultimately, at the end of the day, BSE Sensex rose by 302 points while NSE Nifty closed with a gain of 107 points.

It is noteworthy that in the last five trading sessions, Sensex had fallen by a total of 2,185.77 points or 2.54 percent and Nifty had fallen by 645.25 points or 2.45 percent. Even on Monday, the market was trading with a decline in the morning session. But investor sentiment was supported by the positive signals given by the new US Ambassador to India regarding the India-US trade agreement.

Sensex 83,878.17 closed on points

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 83,878.17 points, rising 301.93 points or 0.36 per cent after huge fluctuations. At one point in the morning trade, it had slipped 715.17 points to 82,861.07 points. But later it recovered and at one time reached 83,962.33 with a gain of 386.09 points. Among Sensex related companies, shares of 25 closed in the green and five registered a decline.

nifty 0.42with an increase of % 25,790.25 closed on points ⁠

On the other hand, the National Stock Exchange (NSE)’s 50-share sensitive index Nifty closed at 25,790.25 with a gain of 106.95 points or 0.42 percent. It had fallen 209.9 points to 25,473.40 points in early trade. The index also made a high of 25,813.15. Among Nifty related companies, shares of 39 remained strong while 11 showed weakness.

However, in the broader market, the BSE Smallcap index of small companies declined by 0.68 percent while the Midcap index of medium companies declined by 0.41 percent.

Tata Steel stocks gained the most by 2.75 percent

Among the companies included in the Sensex group, Tata Steel’s stock gained the most by 2.75 percent. Shares of Asian Paints, Trent, State Bank of India, Hindustan Unilever, UltraTech Cement, ICICI Bank and Bharti Airtel were also major gainers. On the contrary, shares of Infosys, Bajaj Finance, Bharat Electronics, Larsen & Toubro and HDFC Bank closed with losses.

Highest in metal index 1.92 percentage increase

If we look at the sectoral index, the metal index recorded the highest increase of 1.92 percent, while the commodity segment recorded an increase of 1.06 percent and the energy segment recorded an increase of 0.85 percent. There was a decline of 1.13 percent in the realty segment.

FII has 3,769.31 Sold shares worth crores of rupees

According to stock market data, on Friday, foreign institutional investors (FIIs) sold shares worth Rs 3,769.31 crore while domestic institutional investors bought shares worth Rs 5,595.84 crore. International oil benchmark Brent crude fell 0.27 percent to $63.17 per barrel.