indian stock market closed today with a significant gain

The market continues to boom

This was the fourth consecutive trading day in both the markets. On Tuesday, there was a slight increase of 5.41 points in the Sensex and 5.15 points in the Nifty. Nestle, Tata Steel, Tata Motors, Bharti Airtel, Larsen & Toubro, Power Grid, NTPC, Tata Consultancy Services, Tech Mahindra, Infosys and Axis Bank were the gainers in the Sensex pack. On the other hand, Kotak Mahindra Bank, Maruti Suzuki, Bajaj Finance, Mahindra & Mahindra and ICICI Bank declined.

Markets in Asia

In other markets in Asia, South Korea’s Cospi, China’s Shanghai Composite and Hong Kong’s Hangseng closed higher, while Japan’s Nikkei remained on the decline. European markets witnessed a mixed trend in the afternoon session. A day earlier on Tuesday, an increase was registered in the US markets.

Vinod Nair, Head of Research, Geojit Financial Services, said the positive attitude of investors ahead of the Reserve Bank’s monetary review meeting kept the market up. He said, “It is expected that the Reserve Bank will stop the process of increasing the policy rate.”

Those who invested ₹ 1 lakh in this share got ₹ 97 lakh, now going to get bonus shares, there is a rush to buy the stock

Foreign investors are buying

Along with this, there was a boom in the stock markets due to the buying of foreign institutional investors. According to data available with the exchange, foreign investors made net purchases of shares worth Rs 385.71 crore on Tuesday. Meanwhile, international oil benchmark Brent crude climbed 0.10 per cent to $76.45 per barrel.