Mangalore returns to the share market, Sensex rises 122 points, closes in the green.

Tuesday has gone through many ups and downs in the Indian stock market. The Indian stock market closed on the green mark on Tuesday. Due to buying in FMCG and energy stocks, there has been a rise in the market at the lower level. By the end of trading, BSE Sensex closed in profit with a gain of 122 points.

The market trend globally has been positive. Meanwhile, buying was seen in Reliance Industries due to which the market has gained momentum. During trading, the main indices i.e. Sensex and Nifty were trading at record levels. Meanwhile, in volatile trading, BSE Sensex based on 30 shares closed at 71,437.19 points with a gain of 122.10 points or 0.17 percent. At one point during trading, it had climbed 308.62 points to reach its highest ever level of 71,623.71 points. National Stock Exchange’s Nifty also reached a record 21,505.05 points with a gain of 86.4 points or 0.40 percent during trading. By the end of the day it closed sharply at 21,453.10 points.

FMCG got benefit
FMCG companies, oil and gas, electricity and select bank stocks have also seen a rise. During this period, the gains in IT and automobile stocks have been curbed due to heavy losses. Nestle has made the highest profit among Sensex companies during the trading which was 4.66 percent. Apart from this, growth was seen in NTPC (2.16 percent), Reliance Industries (1.53 percent), State Bank of India (1.04 percent) and Hindustan Unilever (1.03 percent). Shares of ITC, Power Grid and Bajaj Finance also closed with gains. On the other hand, the losing stocks include Wipro, Tata Consultancy Services, HCL Technologies, Tata Steel, Bajaj Finserv and Maruti.

Vinod Nair, head of research, Geojit Financial Services, said, “There is optimism in the market. But the growth that was continuing has reduced. Investors remain cautious ahead of the release of inflation data in the euro zone. There has been a slight decline in the inflation rate.” BSE Midcap, representing more shares, fell 0.31 percent while Smallcap gained 0.10 percent. In other markets of Asia, South Korea’s Kospi, Japan’s Nikkei and China’s Shanghai Composite were in the rise while Hong Kong’s Hang Seng was in the loss. There was a bullish trend in early trading in the major markets of Europe. American markets were in gains on Monday. Global oil benchmark Brent crude fell 0.30 per cent to $77.72 per barrel. According to stock market data, foreign institutional investors sold shares worth Rs 33.51 crore on Monday after continuous buying. After three days of rise, Sensex lost 168.66 points and Nifty 38 points on Monday.