Sensex rose 195 points in volatile trading, Nifty also closed at 21,982.
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Mumbai In volatile trading, local stock markets remained bullish on Thursday and BSE Sensex gained 195 points. There was a lot of volatility in the market as it was the last day for settlement of monthly deals in the futures and options segment. The Sensex based on 30 shares closed at 72,500.30 with a gain of 195.42 points or 0.27 percent. During trading, it reached a high of 72,730 points while it reached a low of 72,099.32 points. National Stock Exchange’s Nifty, based on fifty shares, also closed at 21,982.80 points with a gain of 31.65 points or 0.14 percent.
Among the Sensex companies, IndusInd Bank, Mahindra & Mahindra, HCL Tech, Power Grid, Maruti, State Bank of India, Titan, Asian Paints, Nestle and UltraTech Cement were the major gainers. Reliance Industries shares strengthened by more than half a percent. The company’s shares have risen after the announcement of merger of Viacom18 media and entertainment assets with Star India. On the other hand, loss-making stocks include Hindustan Unilever, Bharti Airtel, Tata Motors, ITC, Tech Mahindra and Axis Bank.
In other markets of Asia, South Korea’s Kospi, Japan’s Nikkei and Hong Kong’s Hang Seng were in loss while China’s Shanghai Composite was in profit. Major markets in Europe were trading with losses in early trade. US markets were in slight loss on Wednesday. Vinod Nair, head of research at Geojit Financial Services, said, “…buying in the last hour of trading led to a rise in the market. Many important economic figures are to be released this week, in view of this, investors have adopted a cautious attitude.
According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,879.23 crore on Wednesday. Religare Broking Ltd. Ajit Mishra, senior vice-president (technical research), said, “The market remained volatile on the last day of settlement of monthly deals in the futures and options segment. But in the end the market remained in slight gain. Global oil standard Brent crude fell by 0.43 percent to $ 83.32 per barrel. Sensex had lost 790.34 points and Nifty 247.20 points on Wednesday.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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