Stock markets rose for the third consecutive day, Sensex gained 190 points, Nifty also closed at 22,096.
[ad_1]
Mumbai Amid record gains in US markets and strength in major stocks like L&T, ITC and Maruti Suzuki, major indices of domestic stock markets Sensex and Nifty closed with gains for the third consecutive day on Friday. There is a positive atmosphere in the stock market after the US Federal Reserve indicated three rate cuts this year. After falling in early trade, the markets registered a spectacular recovery. During this period, the 30-share BSE Sensex rose by 190.75 points or 0.26 percent and closed at 72,831.94 points.
NSE Nifty closed at 22,096.75 points, up 84.80 points or 0.39 percent. However, sharp decline in IT and technology stocks limited the gains. Among Sensex stocks, Sun Pharma, Maruti, IndusInd Bank, Titan, ITC, Tata Motors, Larsen & Toubro and JSW Steel gained significantly. On the other hand, shares of Infosys, Wipro, HCL Technologies, Tata Consultancy Services, Tech Mahindra and Bajaj Finserv declined. A decline of two percent was recorded in the BSE IT index.
In other markets of Asia, South Korea’s Kospi, China’s Shanghai Composite and Hong Kong’s Hang Seng closed down while Japan’s Nikkei closed with gains. There was a mixed trend in European markets. American markets closed with gains on Thursday. According to stock market data, foreign institutional investors (FIIs) sold shares worth a net Rs 1,826.97 crore on Thursday. Global oil benchmark Brent crude was down 0.22 percent at US $ 85.59 per barrel.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
[ad_2]
Source link
