Sensex rose 526 points due to rise in shares of Reliance Industries, HDFC Bank, Nifty also closed at 22,123.
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Mumbai Local stock markets regained momentum on Wednesday and BSE Sensex gained 526 points. The market remained bullish mainly due to heavy buying in Reliance Industries and HDFC Bank, which have a strong stake in the index. The Sensex based on 30 shares closed at 72,996.31 points with a gain of 526.01 points or 0.73 percent. At one time during trading it had climbed up to 668.43 points. National Stock Exchange’s Nifty based on fifty shares also closed at 22,123.65 points with a rise of 118.95 points or 0.54 percent.
Among Sensex companies, Reliance Industries had the highest gain of 3.50 percent. This had a major contribution in the rise in Sensex. Apart from this, Maruti, Bajaj Finance, Titan, Kotak Mahindra Bank, HDFC Bank, IndusInd Bank, Mahindra & Mahindra and Larsen & Toubro were major gainers. On the other hand, losers include Wipro, HCL Technologies, Nestle, Tata Consultancy Services and Tata Motors. In other markets of Asia, Japan’s Nikkei was in profit while South Korea’s Kospi, China’s Shanghai Composite and Hong Kong’s Hang Seng were in loss.
There was a mixed trend in early trade in major markets of Europe. The American market Wall Street declined on Tuesday. According to stock market data, foreign institutional investors (FIIs) were net buyers on Tuesday. He bought shares worth Rs 10.13 crore. Meanwhile, global oil benchmark Brent crude fell 0.96 per cent to US$85.42 per barrel. The Sensex had lost 361.64 points on Tuesday, while the NSE Nifty had lost 92.05 points.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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