Share Market Today: The domestic stock market closed higher for the second consecutive day on Friday amid positive signals from global markets. Sensex gained 449 points while Nifty gained 148 points. BSE’s benchmark index Sensex based on 30 shares closed at 85,267.66 points with a gain of 449.53 points or 0.53 percent.
At one time during trading it had climbed 502.69 points to reach 85,320.82. NSE’s standard index Nifty also strengthened by 148.40 points or 0.57 percent and closed at 26,046.95 points.
There was a rise in these shares
Among the companies included in the Sensex, shares of Tata Steel, Eternal, UltraTech Cement, L&T, Maruti and Bharti Airtel closed higher. On the other hand, shares of Hindustan Unilever, Sun Pharma, ITC and Asian Paints declined.
Vinod Nair, head of research at Geojit Financial Services, said, ‘After the interest rate cut by the US Central Bank, the risk appetite of global investors has increased. This gave hope for improvement in liquidity and supported domestic markets, despite the continued decline in the rupee and selling by foreign investors.
Selling by foreign investors
Nair said that after the recent decline in broad market indices, a buying trend is being seen once again. In other markets of Asia, South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng closed with gains. European markets were also on the rise in afternoon trading. American markets also closed strong on Thursday.
International oil standard Brent crude fell 0.05 percent to $ 61.25 per barrel. According to stock market data, foreign institutional investors (FIIs) sold Rs 2,020.94 crore on Thursday, while domestic institutional investors (DIIs) supported the market with net purchases of Rs 3,796.07 crore.
On Thursday, the Sensex had risen 426.86 points and closed at 84,818.13 points, while the Nifty was at 25,898.55 points with a gain of 140.55 points.
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