Share market news: Domestic stock markets regained momentum on Wednesday after Tuesday’s decline as shares of Infosys, HDFC Bank and Tata Consultancy Services rose amid strong global trends. Sensex (BSE Sensex) jumped about 567 points while Nifty (NSE Nifty) once reached the level of 23,150.ALSO READ: Share bazaar: Share market rose, Sensex rose 248 and Nifty 366 points.
BSE’s benchmark 30-share index Sensex closed at 76,404.99, up 566.63 points or 0.75 percent. At one time during trading, the Sensex had climbed 624.77 points to reach the level of 76,463.13. Similarly, the National Stock Exchange (NSE) index Nifty rose by 130.70 points or 0.57 percent and closed at 23,155.35. At one time during trading it had increased by 144.9 points to reach 23,169.55. With this, the domestic stock markets made a strong comeback from the huge fall of the last trading session. On Tuesday, Sensex fell 1,235.08 points to 75,838.36 and Nifty fell 320.10 points to close at 23,024.65.
There were fluctuations in the shares of these major companies: On Wednesday, among the Sensex group stocks, Infosys, Tata Consultancy Services, Tech Mahindra, Sun Pharmaceutical, Bajaj Finserv, HCL Technologies, Bajaj Finance, HDFC Bank, IndusInd Bank and Kotak Mahindra Bank closed with gains. On the other hand, shares of Tata Motors, PowerGrid, Axis Bank, State Bank of India, NTPC, Tata Steel and Adani Ports declined significantly.ALSO READ: Share bazaar: Due to withdrawal of foreign funds, there was a decline in early trading in the stock market, the rupee also fell by 9 paise.
Rise in indices amid volatility: Vinod Nair, head of research at Geojit Financial Services, said better-than-expected results from a major private sector bank led to a rise in the indices amid volatility. The information technology sector managed to recover from recent losses. Nair said that amid this rally, concerns over high valuations of medium and small companies continued to underperform them.
In Asian and American markets: In other markets of Asia, Japan’s Nikkei and South Korea’s Kospi closed with gains while Hong Kong’s Hang Seng and China’s Shanghai Composite remained in decline. European markets were trading with gains. American markets closed with gains on Tuesday.ALSO READ: Investors lost Rs 10.98 lakh crore due to huge fall in the stock market
Brent crude futures at US $ 79.68 per barrel: Brent crude, the international oil benchmark, rose 0.49 percent at $79.68 per barrel. Foreign institutional investors (FIIs) had made a net sale of shares worth Rs 5,920.28 crore on Tuesday.(Language)
Edited by: Ravindra Gupta
