Sensex rose for the second consecutive day, closed with a rise of 179 points, these companies including TCS and Infosys remained in profit.
[ad_1]
Among Sensex companies, shares of Larsen & Toubro, Tata Consultancy Services, Infosys, HCL Technologies, Hindustan Unilever, Axis Bank, ICICI Bank and Wipro were among the gainers. On the other hand, shares of Nestle India, Asian Paints, JSW Steel, Kotak Mahindra Bank and HDFC Bank declined. The BSE Smallcap index, representing more shares, climbed 0.61 per cent and the Midcap index rose 0.19 per cent. “Investors remained cautious today ahead of euro zone inflation data,” said Vinod Nair, head of research at Geojit Financial Services. On the domestic front, results for the third quarter (October-December) are due. And if these are not as per the valuation, it may affect the enthusiasm of investors.
According to a monthly survey, service sector activity in the country reached a three-month high in December on the back of favorable economic conditions and positive demand. The seasonally adjusted HSBC India Bharat Services PMI business activity index reached 59 in December. It was at 56.9 in November. This reflects a sharp increase in production, the highest since September. On Thursday, Sensex had gained 490.97 points and Nifty had gained 141.25 points. In other Asian markets, Japan’s Nikkei closed with gains, while South Korea’s Kospi, China’s Shanghai Composite and Hong Kong’s Hang Seng closed with losses. European markets remained in loss in early trade. American markets closed with a negative trend on Thursday. Meanwhile, global oil benchmark Brent crude was trading 0.94 per cent higher at $78.32 per barrel. According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 1,513.41 crore on Thursday.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
other news
[ad_2]
Source link
