Due to strength in global markets, Sensex rose 539 points, Nifty strengthened 173 points.
[ad_1]
Mumbai Amid the rise in global markets, standard indices of domestic stock markets registered an increase of about one percent on Thursday. The US central bank Federal Reserve has estimated that interest rates will be cut three times this year. After this there was a rise in global markets. BSE’s 30-share index Sensex jumped 539.50 points or 0.75 percent to close at 72,641.19 points. At one time during trading, it jumped by 780.77 points to reach 72,882.46 points. This is the second consecutive trading session when the Sensex has been in profit.
National Stock Exchange (NSE) index Nifty also rose by 172.85 points or 0.79 percent to reach 22,011.95 points. Among Sensex companies, NTPC, Power Grid, IndusInd Bank, Tata Steel, Tata Motors, JSW Steel, Tech Mahindra and Larsen & Toubro were the biggest gainers. On the other hand, shares of Bharti Airtel, Maruti Suzuki, ICICI Bank and Asian Paints were in a declining trend. In other markets in Asia, South Korea’s Kospi, Japan’s Nikkei and Hong Kong’s Hang Seng closed higher, while China’s Shanghai Composite declined.
European markets were in positive territory in afternoon trade. American markets closed with significant gains on Wednesday. During this period, the S&P 500 reached an all-time high while the Dow Jones and Nasdaq also closed at record levels. Vinod Nair, head of research at Geojit Financial Services, said, “Domestic markets took a strong signal from global markets. The Federal Reserve has indicated it is on track for three interest rate cuts this year despite inflation remaining above its long-term target.
Global oil benchmark Brent crude fell 0.08 percent to $85.88 a barrel. According to stock market data, foreign institutional investors made a net sale of shares worth Rs 2,599.19 crore on Wednesday. On Wednesday, Sensex rose 89.64 points to 72,101.69 and Nifty rose 21.65 points to close at 21,839.10.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
[ad_2]
Source link
