Stock Market News: Amidst global tension, there was tremendous excitement in the stock market on Thursday. On the fourth trading day of the week, BSE Sensex closed with a jump of about 900 points, while Nifty 50 also made a strong gain and reached the level of 24,750. Amidst the market boom, Reliance Industries emerged as the top gainer. An increase of about 3 percent was recorded in the company’s shares, which provided strong support to the market.
strength in stock market
It is noteworthy that this rise in the stock market has come at a time when tension is continuously increasing in West Asia. Along with this, the rapidly rising prices of crude oil have created new concerns in the global markets, but despite this, buying by domestic investors strengthened the Indian market.
Earlier in early trading, BSE Sensex had jumped 550.27 points to reach the level of 79,666.46. Nifty 50 was also trading at 24,651.95 with a gain of 171.45 points. Among the companies included in the Sensex, there was a significant rise in the shares of Adani Ports & SEZ, Reliance Industries, NTPC, Bharat Electronics, Tata Steel and Larsen & Toubro.
decline in these shares
On the other hand, shares of HCLTech, Tech Mahindra, ICICI Bank and Asian Paints were trading in the red. Meanwhile, global oil standard Brent Crude rose by 2.86 percent to reach $ 83.73 per barrel.
According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 8,752.65 crore on Wednesday, while domestic institutional investors (DIIs) bought shares worth Rs 12,068.17 crore. In the last trading session, the Sensex closed at 79,116.19, down 1,122.66 points or 1.40 per cent, while the Nifty closed at 24,480.50, down 385.20 points or 1.55 per cent.
Also read: What is the impact of Middle East tension on petrol and diesel prices? Check the latest rates of your cities
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