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Tuesday Feb 07, 2023

share market | Stock market returns after two days, Sensex rises 468 points


Sensex

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Mumbai: On the back of strong buying in banking, oil and FMCG stocks on Monday, both the benchmark indices of the domestic stock markets returned to a rally after a gap of two days. Both Sensex and Nifty registered a gain of around one per cent. The 30-share BSE Sensex climbed 468.38 points, or 0.76 percent, to close at 61,806.19. At one point during the trading, it jumped up to 507.11 points.

Similarly, the National Stock Exchange’s Nifty also gained 151.45 points, or 0.83 percent, and closed at 18,420.45 points. In this way, after the decline of two consecutive trading sessions in the stock markets, the momentum has returned. In the last two trading days of the last week, both the Sensex and the Nifty registered heavy losses. Among the Sensex stocks, Mahindra & Mahindra, PowerGrid, Bharti Airtel, Bajaj Finserv, HDFC, Hindustan Unilever, Maruti Suzuki, ITC, Titan, Nestle, Bajaj Finance and Reliance Industries were successful in registering gains.

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At the same time, the shares of Tata Consultancy Services, Infosys, Tata Motors and IndusInd Bank suffered losses. South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hangseng declined in other Asian markets. Europe’s stock markets were showing gains in the afternoon session. US markets were in losses on Friday.

Meanwhile, international oil benchmark Brent crude rose 1.15 per cent to $79.95 per barrel. Foreign institutional investors (FIIs) had pulled out of Indian markets last Friday. As per the available data, FIIs sold shares worth Rs 1,975.44 crore. (agency)



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